AI English summary of an SEC filing — figures as filed
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.
Key points
AI summaryNews 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.
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.
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.
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-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 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.
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