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AI English summary of an SEC filing — figures as filed

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News Corp said it holds approval under its repurchase program to acquire up to US$1 billion in the aggregate of its Class A and Class B common stock. The company said it intends to make purchases from time to time, taking into account market conditions and its stock price, among other factors.

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

Key points

AI summary
  1. News Corp said it holds approval under its repurchase program to acquire up to US$1 billion in the aggregate of its Class A and Class B common stock. The company said it intends to make purchases from time to time, taking into account market conditions and its stock price, among other factors.

  2. In its daily ASX buy-back notification for Class A shares, lodged on November 11, 2024, the company reported that it bought 13,041 shares for US$387,729.80 on the previous trading day, November 8, 2024. The highest price paid that day was US$30.01, and the lowest was US$29.00.

  3. In the ASX notification, the company reported cumulative purchases of 20,069,406 shares for a total consideration of US$397,093,350.76 before the previous day, November 8, 2024. The company said it has bought Class A and Class B shares worth approximately US$596,763,620.42 to date, based on total consideration paid.

  4. The company classified the buy-back method in ASX Appendix 3C as an other buy-back and listed BofA Securities, Inc. as its broker. The company said no ASX-listed CDIs will be repurchased under this 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.

News Corp US$1 billion Share Buy-Back Program Overview

News Corp said it holds approval under its repurchase program to acquire up to US$1 billion in the aggregate of its Class A and Class B common stock. The company said it intends to make purchases from time to time, taking into account market conditions and its stock price, among other factors.

Source · Based on the filing body and exhibits

Daily Buy-Back Activity for November 8, 2024

In its daily ASX buy-back notification for Class A shares, lodged on November 11, 2024, the company reported that it bought 13,041 shares for US$387,729.80 on the previous trading day, November 8, 2024. The highest price paid that day was US$30.01, and the lowest was US$29.00.

Source · Based on the filing body and exhibits

Cumulative Purchases Since Program Inception

In the ASX notification, the company reported cumulative purchases of 20,069,406 shares for a total consideration of US$397,093,350.76 before the previous day, November 8, 2024. The company said it has bought Class A and Class B shares worth approximately US$596,763,620.42 to date, based on total consideration paid.

Source · Based on the filing body and exhibits

Buy-Back Method, Broker and ASX Disclosure Requirements

The company classified the buy-back method in ASX Appendix 3C as an other buy-back and listed BofA Securities, Inc. as its broker. The company said no ASX-listed CDIs will be repurchased 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.

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.