News Corp (NWSAL) updates on $1B share repurchase plans
Rhea-AI Filing Summary
News Corporation describes its ongoing stock repurchase programs, which authorize the company to acquire up to $1 billion in aggregate of its outstanding Class A and Class B common stock. The company explains that Australian Securities Exchange rules require daily disclosure of any transactions under these programs, and it has attached the related ASX reports as Exhibits 99.1 and 99.2. The filing highlights that statements about repurchasing shares from time to time are forward-looking, may change with market conditions, stock price and other factors, and that the company does not undertake to update these statements except as required by law.
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FAQ
What stock repurchase authority does News Corporation (NWSAL) currently have?
News Corporation is authorized under its stock repurchase programs to acquire from time to time up to $1 billion in aggregate of its outstanding Class A and Class B common stock.
Why did News Corporation (NWSAL) file this 8-K about its repurchase programs?
The company filed this 8-K to furnish copies of information it must provide daily to the Australian Securities Exchange (ASX) regarding transactions, if any, under its stock repurchase programs, which are attached as Exhibits 99.1 and 99.2.
How does News Corporation (NWSAL) report buybacks under its repurchase programs?
Under ASX rules, News Corporation must provide daily disclosure of transactions under its repurchase programs, if any, and it also includes information about these programs in its quarterly and annual reports.
What forward-looking statements does News Corporation (NWSAL) make about share repurchases?
The company states it intends to repurchase, from time to time, its Class A and Class B common stock, but notes these are forward-looking statements based on current expectations and subject to changes in stock price, market conditions, laws and other factors.
Does News Corporation (NWSAL) commit to updating its repurchase plans over time?
News Corporation emphasizes that its forward-looking statements about share repurchases are made only as of the date of the report and it expressly disclaims any obligation to publicly update them, except as required by law or regulation.
Where can investors find detailed daily data on News Corporation (NWSAL) share repurchases?
Detailed daily data provided to the ASX about transactions under the repurchase programs are included as Exhibits 99.1 and 99.2 to this report.
