Company Announcements

NOTICE OF RESULTS OF STOCK REPURCHASE

Source: RNS
RNS Number : 8998L
Nippon Telegraph and Telephone Corp
11 September 2019
 

September 11, 2019

                                                                                                               

 

 

 

 

 

 

 

 

 

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 Results of Stock Repurchase through Off-Auction Own Share Repurchase

Trading System (ToSTNeT-3) And Conclusion of Stock Repurchases

 

Nippon Telegraph and Telephone Corporation ("NTT") hereby announces that it repurchased shares of its common stock today, pursuant to the announcement made on September 10, 2019, as described below.

 

The stock repurchase authorized at the board of directors' meeting held on August 6, 2019 has been completed with today's repurchase.

1.         Reason for Stock Repurchase:

To improve capital efficiency and enhance shareholder returns.

 

2.         Details of Repurchase:

(1) Class of shares repurchased:                               Common stock

(2) Total number of shares repurchased:                  48,980,000 shares

(3) Aggregate repurchased amount:                         251,071,480,000 yen

(4) Date of repurchase:                                             September 11, 2019

(5) Method of repurchase:                                   Through the Tokyo Stock Exchange Trading Network Off-Auction Own Share    Repurchase Trading System (ToSTNeT-3)

 

(For reference)

Details of the resolution approved at the board of directors' meeting held on August 6, 2019 (as announced on August 6, 2019):

(1) Class of shares to be repurchased:                                Common stock

(2) Total number of shares to be repurchased:                   Up to 53 million shares

(3) Aggregate repurchase amount:                                     Up to 300 billion yen

 

Details of total shares repurchased following the approval of the resolution by the board of directors on August 6, 2019:

(1) Class of shares repurchased:                                          Common stock

(2) Total number of shares repurchased:                             48,980,000 shares

(3) Aggregate repurchased amount:                                    251,071,480,000 yen

 

 

 

 

 

For further inquiries, please contact:

 

 

 

Masayoshi Inoue or Takayuki Kimura

 

Investor Relations Office

 

Finance and Accounting Department

 

Nippon Telegraph and Telephone Corporation

 

Contact us by email: 

 

https://www.ntt.co.jp/ir/form_e/ref_contact.html

 

         

 


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