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AI English summary of an SEC filing — figures as filed

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The company said it runs a repurchase program under which it may buy back, from time to time, up to $1 billion in the aggregate of its Class A and Class B common stock, mainly through open-market purchases depending on market conditions and the stock price.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it runs a repurchase program under which it may buy back, from time to time, up to $1 billion in the aggregate of its Class A and Class B common stock, mainly through open-market purchases depending on market conditions and the stock price.

  2. News Corp said it has bought back approximately US$593,093,593.86 of Class A and Class B shares to date. It said this figure is based on total consideration paid, and the total authorization is US$1 billion in the aggregate.

  3. News Corp reported that on October 31, 2024, the prior day, it repurchased 14,638 Class A shares for a total of US$398,604.45. The highest price paid that day was US$27.37, and the lowest was US$27.11.

  4. The company said it must disclose program transactions to the Australian Securities Exchange (ASX) daily under ASX rules, and that this filing is a daily buy-back notification. It also said no ASX-listed CDIs will be repurchased under the program.

Summary

AI-written

Analysis 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.

US$1 billion Share Buyback Program Overview

The company said it runs a repurchase program under which it may buy back, from time to time, up to $1 billion in the aggregate of its Class A and Class B common stock, mainly through open-market purchases depending on market conditions and the stock price.

Source · Based on the filing body and exhibits

Cumulative Buybacks of About US$593,093,593.86

News Corp said it has bought back approximately US$593,093,593.86 of Class A and Class B shares to date. It said this figure is based on total consideration paid, and the total authorization is US$1 billion in the aggregate.

Source · Based on the filing body and exhibits

Daily Buyback Activity for October 31, 2024

News Corp reported that on October 31, 2024, the prior day, it repurchased 14,638 Class A shares for a total of US$398,604.45. The highest price paid that day was US$27.37, and the lowest was US$27.11.

Source · Based on the filing body and exhibits

ASX Daily Reporting Obligation and Program Terms

The company said it must disclose program transactions to the Australian Securities Exchange (ASX) daily under ASX rules, and that this filing is a daily buy-back notification. It also said 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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.