News Corporation details $1B stock repurchase reporting framework
News Corporation filed an update describing how it reports activity under its existing stock repurchase programs.
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Rhea-AI Filing Summary
News Corporation filed an update describing how it reports activity under its existing stock repurchase programs. The company is authorized to buy back up to $1 billion of its Class A and Class B common stock from time to time. Under Australian Securities Exchange rules, News Corp must disclose any such transactions to the ASX on a daily basis and also reports information about these repurchases in its quarterly and annual reports.
The company has attached to this report two exhibits that reproduce the information it provided to the ASX on the dates noted in those exhibits. It also highlights that any statements about its intent to repurchase shares are forward-looking, may change with market conditions and legal requirements, and are not being updated beyond the date of this report.
8-K Event Classification
FAQ
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What did News Corporation (NWS) announce in this 8-K filing?
News Corporation described how it reports activity under its stock repurchase programs, reaffirming that it may buy back up to $1 billion of its Class A and Class B shares and attaching to this report the same daily disclosure information it provided to the Australian Securities Exchange.
How large is News Corporation's current stock repurchase authorization?
The company is authorized to acquire, from time to time, up to $1 billion in the aggregate of its outstanding Class A and Class B common stock under its stock repurchase programs.
Where can investors find more details on News Corporation's repurchase activity?
Details are included in the information provided to the Australian Securities Exchange, which is attached as Exhibits 99.1 and 99.2, and in the company’s quarterly and annual reports.
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