REG - Nippon Telegraph - NOTICE REGARDING STOCK REPURCHASES <Origin Href="QuoteRef">9432.T</Origin>

Nippon Telegraph and TelephoneAnnouncement

25/09/2017 10:50

RNS Number : 7013R
Nippon Telegraph and Telephone Corp
25 September 2017
September 25, 2017









CompanyName:NipponTelegraphandTelephoneCorporation




Representative:Hiroo Unoura,PresidentandChiefExecutiveOfficer




(CodeNo.:9432,FirstsectionofTokyo Stock Exchange)
NOTICE REGARDING 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 that, at a meeting of its Board of Directors held today, NTT authorized repurchases of shares of its common stock pursuant to Article 156 of the Companies Act of Japan (the "Companies Act"), as applied pursuant to Paragraph 3, Article 165 of the Companies Act, as described below.
1. Reasons for Stock Repurchases:
To improve capital efficiency and enhance shareholder returns.
2. Details of Repurchases:
(1) Total number of shares to be repurchased:
Up to 30 million shares of common stock
(Ratio to the number of outstanding shares*: 1.50%)
(2) Aggregate repurchase amount:
Up to 150 billion yen
(3) Period of repurchases:
September 26, 2017 ~ March 31, 2018
(Forreference) Number of shares of treasury stock (as of June 30, 2017)
Number of outstanding shares*2,006,464,274 shares
 Number of shares of treasury stock 89,930,196 shares
*Excluding shares of treasury stock.

For further inquiries, please contact:

Takayuki Kimura or Tatsuya Watanabe
Investor Relations Office
Finance and Accounting Department
Nippon Telegraph and Telephone Corporation
Phone:

+81-3-6838-5481

This information is provided by RNS
The company news service from the London Stock Exchange
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