AI English summary of an SEC filing — figures as filed
The company said it operates a Repurchase Program authorized to acquire up to $1 billion in the aggregate of Class A common stock and Class B common stock combined. Purchases may be made from time to time in the open market or otherwise, depending on market conditions and other factors.
Key points
AI summaryThe company said it operates a Repurchase Program authorized to acquire up to $1 billion in the aggregate of Class A common stock and Class B common stock combined. Purchases may be made from time to time in the open market or otherwise, depending on market conditions and other factors.
The company said it has purchased approximately US$663,826,727.08 of Class A and Class B shares to date, based on total consideration paid. The authorized limit is US$1 billion.
The company notified the ASX that on April 22, 2025, it repurchased 14,192 shares of Class A stock for total consideration of US$368,207.18. Cumulative purchases before that day were 21,607,089 shares, with total consideration of US$440,075,181.91.
The company said the reason for the program is to enhance shareholder value. It also said that no ASX-listed CDIs will be repurchased and that no security holder approval is required. The company said it provides daily notifications of buy-back transactions to the ASX as required by ASX rules.
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.
News Corp authorization scope for $1 billion buyback program
The company said it operates a Repurchase Program authorized to acquire up to $1 billion in the aggregate of Class A common stock and Class B common stock combined. Purchases may be made from time to time in the open market or otherwise, depending on market conditions and other factors.
Source · Based on the filing body and exhibits
Program cumulative purchases of about US$663,826,727.08
The company said it has purchased approximately US$663,826,727.08 of Class A and Class B shares to date, based on total consideration paid. The authorized limit is US$1 billion.
Source · Based on the filing body and exhibits
Class A daily repurchases, 2025-04-22
The company notified the ASX that on April 22, 2025, it repurchased 14,192 shares of Class A stock for total consideration of US$368,207.18. Cumulative purchases before that day were 21,607,089 shares, with total consideration of US$440,075,181.91.
Source · Based on the filing body and exhibits
Buyback rationale and ASX daily notification structure
The company said the reason for the program is to enhance shareholder value. It also said that no ASX-listed CDIs will be repurchased and that no security holder approval is required. The company said it provides daily notifications of buy-back transactions to the ASX as required by ASX rules.
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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