AI English summary of an SEC filing — figures as filed
The company said it operates a stock repurchase program (the Repurchase Program) authorized for up to $1 billion in the aggregate across its Class A common stock and Class B common stock. It said it intends to repurchase shares from time to time, depending on market conditions and the price of its stock.
Key points
AI summaryThe company said it operates a stock repurchase program (the Repurchase Program) authorized for up to $1 billion in the aggregate across its Class A common stock and Class B common stock. It said it intends to repurchase shares from time to time, depending on market conditions and the price of its stock.
The company told the ASX that it bought 13,659 Class A common shares at US$400,488.71 on 2024-12-06. Cumulative purchases before that were 20,332,099 shares, US$404,788,360.61 in total.
The company said the highest price paid for shares repurchased in 2024-12-06 was US$29.43 and the lowest was US$29.24. It said it had bought Class A and Class B shares worth about US$608,680,398.76 in total, based on total consideration paid.
The company said the program covers shares listed on Nasdaq, Class A and Class B, and that it will not repurchase ASX-listed CDIs. News Corp named BofA Securities, Inc. as its broker, gave its reason as to enhance shareholder value, and said no shareholder approval is required.
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.
Overview of US$1 billion Share Repurchase Program
The company said it operates a stock repurchase program (the Repurchase Program) authorized for up to $1 billion in the aggregate across its Class A common stock and Class B common stock. It said it intends to repurchase shares from time to time, depending on market conditions and the price of its stock.
Source · Based on the filing body and exhibits
Daily Class A Common Stock Repurchases (2024-12-06)
The company told the ASX that it bought 13,659 Class A common shares at US$400,488.71 on 2024-12-06. Cumulative purchases before that were 20,332,099 shares, US$404,788,360.61 in total.
Source · Based on the filing body and exhibits
Repurchase Price Range and Cumulative Spending
The company said the highest price paid for shares repurchased in 2024-12-06 was US$29.43 and the lowest was US$29.24. It said it had bought Class A and Class B shares worth about US$608,680,398.76 in total, based on total consideration paid.
Source · Based on the filing body and exhibits
Repurchase Method, Broker and Purpose
The company said the program covers shares listed on Nasdaq, Class A and Class B, and that it will not repurchase ASX-listed CDIs. News Corp named BofA Securities, Inc. as its broker, gave its reason as to enhance shareholder value, and said no shareholder approval is required.
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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