REG - Nippon Telegraph - NOTICE OF RESULTS OF STOCK REPURCHASE

Nippon Telegraph and TelephoneAnnouncement

11/09/2019 07:00

RNS Number : 8998L
Nippon Telegraph and Telephone Corp
11 September 2019
 


September 11, 2019
                                                                                                               




 


 


 


 


 




 


 


 


 


Company Name: Nippon Telegraph and Telephone Corporation




 


 


 


 


Representative: Jun Sawada, President and Chief Executive Officer




 


 


 


 


(Code No.: 9432, First section of Tokyo Stock Exchange)




 
Notice of Results of Stock Repurchase through Off-Auction Own Share Repurchase
Trading System (ToSTNeT-3) And Conclusion of Stock Repurchases
 
Nippon Telegraph and Telephone Corporation ("NTT") hereby announces that it repurchased shares of its common stock today, pursuant to the announcement made on September 10, 2019, as described below.
 
The stock repurchase authorized at the board of directors' meeting held on August 6, 2019 has been completed with today's repurchase.
1.         Reason for Stock Repurchase:
To improve capital efficiency and enhance shareholder returns.
 
2.         Details of Repurchase:
(1) Class of shares repurchased:                               Common stock
(2) Total number of shares repurchased:                  48,980,000 shares
(3) Aggregate repurchased amount:                         251,071,480,000 yen
(4) Date of repurchase:                                             September 11, 2019
(5) Method of repurchase:                                   Through the Tokyo Stock Exchange Trading Network Off-Auction Own Share    Repurchase Trading System (ToSTNeT-3)
 
(For reference)
Details of the resolution approved at the board of directors' meeting held on August 6, 2019 (as announced on August 6, 2019):
(1) Class of shares to be repurchased:                                Common stock
(2) Total number of shares to be repurchased:                   Up to 53 million shares
(3) Aggregate repurchase amount:                                     Up to 300 billion yen
 
Details of total shares repurchased following the approval of the resolution by the board of directors on August 6, 2019:
(1) Class of shares repurchased:                                          Common stock
(2) Total number of shares repurchased:                             48,980,000 shares
(3) Aggregate repurchased amount:                                    251,071,480,000 yen
 




 


 


 


 




For further inquiries, please contact:


 




 


 




Masayoshi Inoue or Takayuki Kimura


 




Investor Relations Office


 




Finance and Accounting Department


 




Nippon Telegraph and Telephone Corporation


 




Contact us by email: 


 




https://www.ntt.co.jp/ir/form_e/ref_contact.html


 



 
 
 
 
 



 




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