AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said it is authorized to buy back up to US$1 billion of Class A and Class B common stock combined and intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and the stock price.
Key points
AI summaryNews Corp said it is authorized to buy back up to US$1 billion of Class A and Class B common stock combined and intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and the stock price.
The company said that as of 2024-11-15, it had cumulatively repurchased 20,138,059 shares for a total of US$399,105,462.96 in its ASX filing. It said it bought 14,459 shares for US$419,404.98 on 2024-11-15.
The company said that, of its US$1 billion authorization, it had bought approximately US$599,917,984.41 of Class A and Class B shares to date, based on total consideration paid.
The company said its daily buy-back price ranged from a low of US$28.705 to a high of US$29.33 on 2024-11-15, and that the highest price paid under the cumulative program to date was US$30.01, on 2024-11-08. BofA Securities, Inc. is the broker for the repurchases, and the company said the buy-back does not require shareholder approval.
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.
US$1 billion Share Repurchase Program Overview
News Corp said it is authorized to buy back up to US$1 billion of Class A and Class B common stock combined and intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and the stock price.
Source · Based on the filing body and exhibits
Cumulative Repurchases and Consideration Through 2024-11-15
The company said that as of 2024-11-15, it had cumulatively repurchased 20,138,059 shares for a total of US$399,105,462.96 in its ASX filing. It said it bought 14,459 shares for US$419,404.98 on 2024-11-15.
Source · Based on the filing body and exhibits
Cumulative Repurchase Amount Based on Consideration Paid
The company said that, of its US$1 billion authorization, it had bought approximately US$599,917,984.41 of Class A and Class B shares to date, based on total consideration paid.
Source · Based on the filing body and exhibits
Repurchase Price Range and Conditions
The company said its daily buy-back price ranged from a low of US$28.705 to a high of US$29.33 on 2024-11-15, and that the highest price paid under the cumulative program to date was US$30.01, on 2024-11-08. BofA Securities, Inc. is the broker for the repurchases, and the company said the buy-back does not require shareholder approval.
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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