AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said it was authorized to repurchase up to US$1 billion in the aggregate of its Class A common stock and Class B common stock. The company said it plans to buy back shares from time to time in the open market or otherwise, depending on market conditions and its share price.
Key points
AI summaryNews Corp said it was authorized to repurchase up to US$1 billion in the aggregate of its Class A common stock and Class B common stock. The company said it plans to buy back shares from time to time in the open market or otherwise, depending on market conditions and its share price.
The company said it had bought back 14,638 Class A common shares on November 4, 2024, the previous day, at a total cost of US$402,032.67 as reported in its daily buy-back notice to the Australian Securities Exchange (completed on Appendix 11-05 form 2024). Before that day, it had repurchased 20,012,754 shares, with total consideration of US$395,490,429.04.
The company said it repurchased Class A and Class B shares worth about US$594,325,487.65 based on total consideration paid. The highest price paid before the previous day was US$28.61 on 2024-07-16, and the lowest was US$14.88 on 2022-09-29. Purchase prices on November 4 ranged from US$27.34 to US$27.71.
The company said it had 375,503,645 Class A shares on issue and that BofA Securities, Inc. is the broker for the buy-back. It said it must disclose buy-back transactions daily under Australian Securities Exchange rules and that the program will not repurchase ASX-listed CDIs.
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 Share Buy-Back Program: US$1 billion
News Corp said it was authorized to repurchase up to US$1 billion in the aggregate of its Class A common stock and Class B common stock. The company said it plans to buy back shares from time to time in the open market or otherwise, depending on market conditions and its share price.
Source · Based on the filing body and exhibits
Class A Trading Activity: 14,638 shares on November 4
The company said it had bought back 14,638 Class A common shares on November 4, 2024, the previous day, at a total cost of US$402,032.67 as reported in its daily buy-back notice to the Australian Securities Exchange (completed on Appendix 11-05 form 2024). Before that day, it had repurchased 20,012,754 shares, with total consideration of US$395,490,429.04.
Source · Based on the filing body and exhibits
Cumulative Purchases and Price Range
The company said it repurchased Class A and Class B shares worth about US$594,325,487.65 based on total consideration paid. The highest price paid before the previous day was US$28.61 on 2024-07-16, and the lowest was US$14.88 on 2022-09-29. Purchase prices on November 4 ranged from US$27.34 to US$27.71.
Source · Based on the filing body and exhibits
Shares on Issue, Broker and ASX Disclosure Purpose
The company said it had 375,503,645 Class A shares on issue and that BofA Securities, Inc. is the broker for the buy-back. It said it must disclose buy-back transactions daily under Australian Securities Exchange rules and that the program will not repurchase ASX-listed CDIs.
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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