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

Nippon Telegraph and TelephoneAnnouncement

21/02/2018 08:50

RNS Number : 4978F
Nippon Telegraph and Telephone Corp
21 February 2018
February 21, 2018
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 31 million shares of common stock
(Ratio to the number of outstanding shares*: 1.57%)
(2) Aggregate repurchase amount:
Up to 150 billion yen
(3) Period of repurchases:
February 22, 2018 ~ June 30, 2018
(Forreference) Number of shares of treasury stock (as of December 31, 2017)
Number of outstanding shares* 1,979,486,339 shares
 Number of shares of treasury stock116,908,131 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
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