REG - Nippon Telegraph - Notice of Stock Repurchase through Off-Auction

Nippon Telegraph and TelephoneAnnouncement

07/11/2018 09:55

RNS Number : 6225G
Nippon Telegraph and Telephone Corp
07 November 2018
 


November 7, 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 Stock Repurchase through Off-Auction Own Share Repurchase Trading (ToSTNeT-3)
 
Nippon Telegraph and Telephone Corporation ("NTT") has today decided to implement a repurchase of shares of its common stock, which was authorized by a resolution passed at a meeting of its board of directors held on November 6, 2018, pursuant to Article 156 of the Companies Act of Japan, as applied pursuant to Paragraph 3, Article 165 of the Companies Act. Details of the method of repurchase are as follows:
1.          Method of Repurchase:
NTT will place purchase orders for its shares through brokerages on the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) for the 8:45 a.m. session on November 8, 2018 (no changes to the trading system or trading time will be made), at a price equal to the closing price of NTT's common stock on the first section of the Tokyo Stock Exchange on November 7, 2018 (¥4,496).
 
2.          Details of Repurchase:
(1)   Class of shares to be repurchased:                                 Common stock
(2)   Total number of shares to be repurchased:                   20,000,000 shares
(Note 1) The maximum number of shares to be repurchased will not change. Depending on market conditions, however, there is a possibility that NTT will not make any purchase or will only make a partial purchase.
(Note 2) The purchase will be conducted by matching sell orders equivalent to buy orders according to the allocation method prescribed by the Tokyo Stock Exchange.
 
3.          Announcement of the results of Repurchase:
NTT will announce the results of its stock repurchase after completion of the repurchase at 8:45 a.m. on November 8, 2018.
 
(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
 
 




 


 


 


 




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


 



 
 
 
 
 
 
 



 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCFKODQCBDKFDK