AI English summary of an SEC filing — figures as filed
News Corp said its repurchase program, under which it may buy back up to $1 billion in aggregate of Class A and Class B common stock, is authorized. The company said it must disclose transactions under the program to the Australian Securities Exchange (ASX) daily under ASX rules.
Key points
AI summaryNews Corp said its repurchase program, under which it may buy back up to $1 billion in aggregate of Class A and Class B common stock, is authorized. The company said it must disclose transactions under the program to the Australian Securities Exchange (ASX) daily under ASX rules.
The company said it bought back 14,192 shares for US$373,998.94 on April 3, 2025, the prior trading day, and filed this in its daily buy-back notice to the ASX. It said the highest price paid that day was US$26.765 and the lowest was US$25.925.
The company said it had bought back 21,436,785 shares for US$435,739,040.55 before the prior day. It said it had bought back about US$656,997,513.87 of Class A and Class B shares to date, based on total consideration paid.
The company said Morgan Stanley & Co. LLC will act as broker for the buy-back and that the purpose is to enhance shareholder value. It also stated that no ASX-listed CDIs will be repurchased under the program and that shareholder approval is not 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.
Repurchase program limit of $1 billion
News Corp said its repurchase program, under which it may buy back up to $1 billion in aggregate of Class A and Class B common stock, is authorized. The company said it must disclose transactions under the program to the Australian Securities Exchange (ASX) daily under ASX rules.
Source · Based on the filing body and exhibits
Daily buyback of 14,192 shares on April 3, 2025
The company said it bought back 14,192 shares for US$373,998.94 on April 3, 2025, the prior trading day, and filed this in its daily buy-back notice to the ASX. It said the highest price paid that day was US$26.765 and the lowest was US$25.925.
Source · Based on the filing body and exhibits
Cumulative buyback volume since program start
The company said it had bought back 21,436,785 shares for US$435,739,040.55 before the prior day. It said it had bought back about US$656,997,513.87 of Class A and Class B shares to date, based on total consideration paid.
Source · Based on the filing body and exhibits
Execution method, broker and purpose; ASX-listed CDIs excluded
The company said Morgan Stanley & Co. LLC will act as broker for the buy-back and that the purpose is to enhance shareholder value. It also stated that no ASX-listed CDIs will be repurchased under the program and that shareholder approval is not 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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