News Corporation (NASDAQ: NWS) details $1B buyback reporting
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
News Corporation reported an update related to its stock repurchase programs. The company remains authorized to acquire up to $1 billion in total of its outstanding Class A and Class B common shares under these programs.
The company is required by the Australian Securities Exchange to provide daily disclosure of any buyback transactions and has furnished that information as Exhibits 99.1 and 99.2. It notes that any future repurchases are forward-looking statements and may change based on its share price, market conditions, securities laws, and alternative investment opportunities.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What did News Corporation (NWS) report about its stock repurchase programs?
News Corporation reported that it continues to operate stock repurchase programs authorizing it to acquire up to $1 billion of its outstanding Class A and Class B common stock.
How much stock can News Corporation (NWS) repurchase under its current programs?
The company is authorized to repurchase, from time to time, up to $1 billion in the aggregate of its outstanding Class A and Class B common shares.
Why is News Corporation (NWS) providing information to the Australian Securities Exchange?
Under Australian Securities Exchange rules, News Corporation must provide daily disclosure of transactions carried out under its stock repurchase programs, and it has furnished those disclosures as Exhibits 99.1 and 99.2.
What are Exhibits 99.1 and 99.2 in News Corporation’s (NWS) report?
Exhibits 99.1 and 99.2 contain the information that News Corporation provided to the Australian Securities Exchange on the respective dates noted in each exhibit regarding its stock repurchase activity.
Does News Corporation (NWS) commit to updating its repurchase plans?
News Corporation states that its forward-looking statements about repurchases are made only as of the report date and that it does not undertake to update them except as required by law or regulation.
