AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said its board approved a stock repurchase program of up to US$1 billion in the aggregate for Class A and Class B common stock combined. The company said no ASX-listed CDIs will be repurchased under the program.
Key points
AI summaryNews Corp said its board approved a stock repurchase program of up to US$1 billion in the aggregate for Class A and Class B common stock combined. The company said no ASX-listed CDIs will be repurchased under the program.
The company listed the purpose of the program as to enhance shareholder value. It said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and the stock price.
The company disclosed that it had bought back 21,366,316 shares for US$433,841,229.92 cumulatively through March 27, and bought back 14,092 shares for US$382,531.57 on March 27.
News Corp said its buy-back prices ranged from US$26.92 to US$27.45 on March 27. It also said it has bought approximately US$654,044,743.04 of Class A and Class B shares to date, based on total consideration paid.
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 Stock Repurchase Program Overview
News Corp said its board approved a stock repurchase program of up to US$1 billion in the aggregate for Class A and Class B common stock combined. The company said no ASX-listed CDIs will be repurchased under the program.
Source · Based on the filing body and exhibits
Purpose and Execution Method
The company listed the purpose of the program as to enhance shareholder value. It said it 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 Purchases on March 27
The company disclosed that it had bought back 21,366,316 shares for US$433,841,229.92 cumulatively through March 27, and bought back 14,092 shares for US$382,531.57 on March 27.
Source · Based on the filing body and exhibits
Buy-Back Price Range and Cumulative Repurchase Amount as of March 27
News Corp said its buy-back prices ranged from US$26.92 to US$27.45 on March 27. It also said it has bought approximately US$654,044,743.04 of Class A and Class B shares to date, based on total consideration paid.
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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