REG - Nippon Telegraph - THE STATUS AND CONCLUSION OF STOCK REPURCHASES

Nippon Telegraph and TelephoneAnnouncement

26/07/2019 07:20

RNS Number : 8346G
Nippon Telegraph and Telephone Corp
26 July 2019
 


July 26, 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 regarding the Status and Conclusion of Stock Repurchases
(Under the Provisions of NTT's Articles of Incorporation pursuant to
Paragraph 2, Article 165 of the Companies Act of Japan)
 
Nippon Telegraph and Telephone Corporation ("NTT") hereby announces as below the results and conclusion of repurchases of shares of its common stock conducted pursuant to Article 156 of the Companies Act of Japan, as applied pursuant to Paragraph 3, Article 165 of the Companies Act. This concludes NTT's repurchase of its common stock authorized by the Board of Directors' meeting held on May 10, 2019.
 
1.    Class of shares repurchased:                      Common stock
2.    Total number of shares repurchased:         13,880,100 shares
3.    Aggregate repurchased amount:                 71,258,235,400 yen
4.    Period for repurchases:                                  July 1, 2019 to July 25, 2019
5.    Method of repurchase:                                  Acquisitions on the Tokyo Stock Exchange
 
(Reference)
1.      Details of the resolution approved at the Board of Directors' meeting held on May 10, 2019:
 



(1)     Class of shares to be repurchased:


Common stock




(2)     Total number of shares to be repurchased:


Up to 53 million shares
(Ratio to the number of outstanding shares (excluding treasury stock): 2.76%)




(3)     Aggregate repurchase amount:


Up to 250 billion yen




(4)     Period for repurchases:


May 13, 2019 to July 31, 2019



 
2.      Total number and value of shares repurchased through July 25, 2019 pursuant to the resolution approved at the Board of Directors' meeting held on May 10, 2019:
 



(1)     Total number of shares repurchased:


50,480,100 shares




(2)     Aggregate repurchased amount:


249,999,891,500 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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