News Corp files 8-K on ASX-reported $1B share repurchase plan
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
News Corporation filed an 8-K noting ongoing disclosure of its stock repurchase programs and furnished copies of information provided to the Australian Securities Exchange. 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.
The filing reiterates that ASX requires daily reporting of transactions under the repurchase programs, and that the Company also provides updates in its quarterly and annual reports. Exhibits 99.1 and 99.2 contain the ASX disclosures and include forward-looking statements regarding potential repurchases that may vary with market conditions and other factors.
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/NWSA) report in this 8-K?
It highlighted ongoing disclosure of its stock repurchase programs and furnished to investors the same information provided to the ASX as Exhibits 99.1 and 99.2.
How large is News Corporation’s authorized buyback program?
The Company is authorized to repurchase up to $1 billion in the aggregate of Class A and Class B common stock.
What is in Exhibits 99.1 and 99.2?
They are copies of information provided to the ASX on the dates noted in each exhibit regarding repurchase program activity and disclosures.
Does this filing commit News Corporation to repurchase a specific amount?
No. The Company states repurchases may occur from time to time and includes forward-looking statements subject to market and other factors.
Where else does News Corporation disclose buyback activity?
In daily ASX disclosures (as required) and in the Company’s quarterly and annual reports.
