September 11, 2019
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Company Name: Nippon Telegraph and Telephone Corporation |
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Representative: Jun Sawada, President and Chief Executive Officer |
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(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
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For further inquiries, please contact: |
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Masayoshi Inoue or Takayuki Kimura |
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Investor Relations Office |
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Finance and Accounting Department |
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Nippon Telegraph and Telephone Corporation |
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Contact us by email: |
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https://www.ntt.co.jp/ir/form_e/ref_contact.html |
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