REG - Nippon Telegraph - Notice of Results of Stock Repurchase

Nippon Telegraph and TelephoneAnnouncement

08/11/2018 10:00

RNS Number : 7738G
Nippon Telegraph and Telephone Corp
08 November 2018
 


November 8, 2018
                                                                                                               









































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)
 
Nippon Telegraph and Telephone Corporation ("NTT") hereby announces that it repurchased shares of its common stock today, pursuant to the announcement made on November 7, 2018, as described below.
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:                    12,673,000 shares
(3)  Aggregate repurchased amount:                            56,977,808,000 yen
(4)  Date of repurchase:                                                  November 8, 2018
(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 November 6, 2018 (as announced on November 6, 2018):
(1) Class of shares to be repurchased:                                 Common stock
(2) Total number of shares to be repurchased:                                      Up to 36 million shares
(3) Aggregate repurchase amount:                                       Up to 150 billion yen
 
Details of total shares repurchased following the approval of the resolution by the board of directors on November 6, 2018:
(1) Class of shares repurchased:                                          Common stock
(2) Total number of shares repurchased:                             12,673,000 shares
(3) Aggregate repurchased amount:                                     56,977,808,000 yen
 



 
















For further inquiries, please contact:


 








 




Takumi Matsumoto or Takayuki Kimura


 




Investor Relations Office


 




Finance and Accounting Department


 




Nippon Telegraph and Telephone Corporation


 




Phone:






+81-3-6838-5481


 












 




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