News Corp details $1B Class A/B repurchase authorization in 8-K
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
News Corporation reported an update on its stock repurchase programs. The company is authorized to acquire, from time to time, up to $1 billion in aggregate of its Class A and Class B common shares. The filing references daily disclosures made to the Australian Securities Exchange and includes those updates as Exhibits 99.1 and 99.2.
The company notes these materials contain forward-looking statements, including its intent to repurchase shares from time to time, which are subject to market conditions, securities laws and other factors described in its SEC filings.
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) disclose in this 8-K?
The company referenced ASX daily disclosures and attached them as Exhibits 99.1 and 99.2 related to its stock repurchase programs.
How large is News Corporation’s repurchase authorization?
The company is authorized to acquire up to $1 billion in aggregate of Class A and Class B common stock.
What is included in the exhibits mentioned?
Exhibit 99.1 and Exhibit 99.2 contain information provided to the Australian Securities Exchange on the dates noted therein.
Where will ongoing repurchase information be disclosed?
The company provides daily updates to the ASX and includes information in its quarterly and annual reports.
