AI English summary of an SEC filing — figures as filed
News Corp said it is authorized to buy back up to US$1 billion in the aggregate of its Class A and Class B common stock. The company said it will repurchase shares from time to time in the open market or otherwise, depending on market conditions and the stock price, and that no ASX-listed CDIs will be repurchased under the program.
Key points
AI summaryNews Corp said it is authorized to buy back up to US$1 billion in the aggregate of its Class A and Class B common stock. The company said it will repurchase shares from time to time in the open market or otherwise, depending on market conditions and the stock price, and that no ASX-listed CDIs will be repurchased under the program.
The company said it has bought back Class A and Class B shares for approximately US$590,622,105.79 in total consideration paid. The authorization limit is US$1 billion.
The company said it notified the ASX that it repurchased 16,235 Class A shares for a total of US$423,088.97 on October 25, 2024, the previous buy-back day. The highest price paid that day was recorded as US$26.19, and the lowest as US$25.95.
The company said in its ASX notice that it bought back 19,922,382 Class A shares for a total of US$393,057,227.37 before the previous day. The highest price paid in this period was US$28.61 on July 16, 2024, and the lowest was US$14.88 on September 29, 2022.
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 Authorizes US$1 billion Share Buy-Back Program
News Corp said it is authorized to buy back up to US$1 billion in the aggregate of its Class A and Class B common stock. The company said it will repurchase shares from time to time in the open market or otherwise, depending on market conditions and the stock price, and that no ASX-listed CDIs will be repurchased under the program.
Source · Based on the filing body and exhibits
Cumulative Buy-Backs Total Approximately US$590,622,105.79
The company said it has bought back Class A and Class B shares for approximately US$590,622,105.79 in total consideration paid. The authorization limit is US$1 billion.
Source · Based on the filing body and exhibits
Class A Daily Buy-Back Details for October 25, 2024
The company said it notified the ASX that it repurchased 16,235 Class A shares for a total of US$423,088.97 on October 25, 2024, the previous buy-back day. The highest price paid that day was recorded as US$26.19, and the lowest as US$25.95.
Source · Based on the filing body and exhibits
Cumulative Class A Buy-Backs Before the Previous Day
The company said in its ASX notice that it bought back 19,922,382 Class A shares for a total of US$393,057,227.37 before the previous day. The highest price paid in this period was US$28.61 on July 16, 2024, and the lowest was US$14.88 on September 29, 2022.
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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