AI English summary of an SEC filing — figures as filed
News Corp said the Repurchase Program allows it to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock. The company cited "To enhance shareholder value" as the reason for the buy-back.
Key points
AI summaryNews Corp said the Repurchase Program allows it to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock. The company cited "To enhance shareholder value" as the reason for the buy-back.
The company told the ASX that on 24/12/2024, the previous day on which it bought back shares, it repurchased 14,517 Class A common shares for a total of US$407,376.05. The highest price paid that day was US$28.175, and the lowest was US$27.97.
News Corp said it bought back 20,504,242 Class A common shares for a total of US$409,722,238.74 before the previous day. The highest price paid in this period was US$30.01 on 08/11/2024, and the lowest was US$14.88 on 29/09/2022.
The company said it has bought back approximately US$616,326,002.80 of Class A and Class B shares to date, based on total consideration paid, under its US$1 billion authorization.
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.
$1 billion Share Repurchase Program Overview
News Corp said the Repurchase Program allows it to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock. The company cited "To enhance shareholder value" as the reason for the buy-back.
Source · Based on the filing body and exhibits
Class A Shares Bought Back on Previous Day
The company told the ASX that on 24/12/2024, the previous day on which it bought back shares, it repurchased 14,517 Class A common shares for a total of US$407,376.05. The highest price paid that day was US$28.175, and the lowest was US$27.97.
Source · Based on the filing body and exhibits
Class A Shares Bought Back Before Previous Day
News Corp said it bought back 20,504,242 Class A common shares for a total of US$409,722,238.74 before the previous day. The highest price paid in this period was US$30.01 on 08/11/2024, and the lowest was US$14.88 on 29/09/2022.
Source · Based on the filing body and exhibits
Combined Class A and Class B Repurchase Total
The company said it has bought back approximately US$616,326,002.80 of Class A and Class B shares to date, based on total consideration paid, under its US$1 billion authorization.
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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