AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said it has an authorized stock repurchase program, the Repurchase Program, allowing it to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock. The company said it intends to make repurchases from time to time, depending on market conditions and the stock price, among other factors.
Key points
AI summaryNews Corp said it has an authorized stock repurchase program, the Repurchase Program, allowing it to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock. The company said it intends to make repurchases from time to time, depending on market conditions and the stock price, among other factors.
The company told the ASX in a daily notification that it repurchased 15,680 shares for a total of US$409,713.70 on October 22, 2024. It said the lowest price on that day was US$26.00 and the highest price was US$26.38. The securities covered by the notification are Class A common stock.
News Corp said in its ASX notice that, before October 22, 2024, it had repurchased 19,874,232 shares for a total of US$391,804,081.08. It said the highest price for that period was US$28.61 on July 16, 2024, and the lowest price was US$14.88 on September 29, 2022.
News Corp said it has purchased shares of Class A and Class B common stock worth approximately US$588,676,015.35 in total consideration paid under the US$1 billion program to date. The company explained that it does not repurchase any ASX-listed CDIs under this 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.
News Corp US$1 billion Share Repurchase Program
News Corp said it has an authorized stock repurchase program, the Repurchase Program, allowing it to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock. The company said it intends to make repurchases from time to time, depending on market conditions and the stock price, among other factors.
Source · Based on the filing body and exhibits
Daily Repurchases for October 22, 2024
The company told the ASX in a daily notification that it repurchased 15,680 shares for a total of US$409,713.70 on October 22, 2024. It said the lowest price on that day was US$26.00 and the highest price was US$26.38. The securities covered by the notification are Class A common stock.
Source · Based on the filing body and exhibits
Cumulative Repurchases Before the Previous Day
News Corp said in its ASX notice that, before October 22, 2024, it had repurchased 19,874,232 shares for a total of US$391,804,081.08. It said the highest price for that period was US$28.61 on July 16, 2024, and the lowest price was US$14.88 on September 29, 2022.
Source · Based on the filing body and exhibits
Cumulative Repurchases Under the US$1 billion Authorization
News Corp said it has purchased shares of Class A and Class B common stock worth approximately US$588,676,015.35 in total consideration paid under the US$1 billion program to date. The company explained that it does not repurchase any ASX-listed CDIs under this 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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