REG - Nippon Telegraph - THE STATUS AND CONCLUSION OF STOCK REPURCHASES

Nippon Telegraph and TelephoneAnnouncement

24/05/2018 09:15

RNS Number : 1655P
Nippon Telegraph and Telephone Corp
24 May 2018
 


May 24, 2018
 




















Company Name: Nippon Telegraph and Telephone Corporation




















Representative: Hiroo Unoura, President and Chief Executive Officer




















(Code No.: 9432, First section of Tokyo Stock Exchange)




 
Notice regarding the Status and Conclusion of 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 as below the results and conclusion of repurchases of shares of its common stock conducted pursuant to Article 156 of the Companies Act of Japan, as applied pursuant to Paragraph 3, Article 165 of the Companies Act.  This concludes NTT's repurchase of its common stock authorized by the Board of Directors' meeting held on February 21, 2018.
 
1.    Class of shares repurchased:                       Common stock
2.    Total number of shares repurchased:          8,778,000 shares
3.    Aggregate repurchased amount:                  46,432,778,300 yen
4.    Period for repurchases:                                  May 1, 2018 to May 23, 2018
5.    Method of repurchase:                                  Acquisitions on the Tokyo Stock Exchange
 
(Reference)
1.      Details of the resolution approved at the Board of Directors' meeting held on February 21, 2018:
 




(1)     Class of shares to be repurchased:


Common stock




(2)     Total number of shares to be repurchased:


Up to 31 million shares
(Ratio to the number of outstanding shares (excluding treasury stock): 1.57%)




(3)     Aggregate repurchase amount:


Up to 150 billion yen




(4)     Period for repurchases:


February 22, 2018 to June 30, 2018




 
2.      Total number and value of shares repurchased through May 23, 2018 pursuant to the resolution approved at the Board of Directors' meeting held on February 21, 2018:
 




(1)     Total number of shares repurchased:


29,178,000 shares




(2)     Aggregate repurchased amount:


149,999,925,500 yen




 






















  


For further inquiries, please contact:








  


Takayuki Kimura or Tatsuya Watanabe








  


Investor Relations Office








  


Finance and Accounting Department
Nippon Telegraph and Telephone Corporation








  


TEL: +81-3-6838-5481




 




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