REG - Nippon Telegraph - Notice regarding Stock Repurchases

Nippon Telegraph and TelephoneAnnouncement

06/11/2018 09:55

RNS Number : 4796G
Nippon Telegraph and Telephone Corp
06 November 2018
 


November 6, 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 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 36 million shares of common stock
(Ratio to the number of outstanding shares*: 1.85%)




(2)     Aggregate repurchase amount:


Up to 150 billion yen




(3)     Period of repurchases:


November 7, 2018 ~ March 29, 2019




(4)     Method of repurchases


Through the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) and market trading transactions on the Tokyo Stock Exchange (Planned)



 
(For reference) Number of shares of treasury stock (as of September 30, 2018)
    Number of outstanding shares*：                       1,950,394,470 shares
                          Number of shares of treasury stock：                           113,215 shares

*Excluding shares of treasury stock.



 



 








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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