AI English summary of an SEC filing — figures as filed
News Corp said it may repurchase up to $1 billion in aggregate of its Class A common stock and Class B common stock from time to time under its stock repurchase program.
Key points
AI summaryNews Corp said it may repurchase up to $1 billion in aggregate of its Class A common stock and Class B common stock from time to time under its stock repurchase program.
The company said that as of October 7, 2024, it had repurchased a cumulative 19,701,275 shares of Class A common stock for a total consideration of US$387,275,712.53, and that on October 7 it bought 16,100 shares for US$419,640.06.
News Corp said the highest price it paid for Class A common stock was US$28.61 on July 16, 2024 and the lowest was US$14.88 on September 29, 2022, and that its daily purchase price range on October 7 was US$25.98 to US$26.16.
The company said cumulative purchases of Class A and Class B common stock totaled approximately US$581,767,804.55 (based on total consideration paid). It said it buys shares in the open market or otherwise, and that no ASX-listed CDIs will be repurchased under the program.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Repurchase Program Authorization Limit
News Corp said it may repurchase up to $1 billion in aggregate of its Class A common stock and Class B common stock from time to time under its stock repurchase program.
Source · Based on the filing body and exhibits
Class A Repurchases: Cumulative Shares and Cost
The company said that as of October 7, 2024, it had repurchased a cumulative 19,701,275 shares of Class A common stock for a total consideration of US$387,275,712.53, and that on October 7 it bought 16,100 shares for US$419,640.06.
Source · Based on the filing body and exhibits
Class A Repurchase Price Range
News Corp said the highest price it paid for Class A common stock was US$28.61 on July 16, 2024 and the lowest was US$14.88 on September 29, 2022, and that its daily purchase price range on October 7 was US$25.98 to US$26.16.
Source · Based on the filing body and exhibits
Cumulative Program Spending and Purchase Method
The company said cumulative purchases of Class A and Class B common stock totaled approximately US$581,767,804.55 (based on total consideration paid). It said it buys shares in the open market or otherwise, and that no ASX-listed CDIs will be repurchased under the program.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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