May 14, 2002
For Immediate Release
Notice of call for a shareholder resolution at the ordinary general meeting regarding repurchase of own shares
(Under Article 210 of the Japanese Commercial Code)
Nippon Telegraph and Telephone Corporation ("NTT") announced that on May 14, 2002 its board of directors decided to call for a resolution of its shareholders at the 17th annual meeting scheduled on June 27, 2002 regarding repurchase of its own shares (i.e., treasury shares) consistent with NTT's management objectives of increasing shareholder value.
1. Reason for share repurchase
To implement a capital policy intended to put NTT in a better position to respond to changes in its corporate environment with greater flexibility
The above repurchase of own shares is subject to the approval of the shareholders at the 17th general meeting to be held on June 27, 2002.
For more information, please contact:
Investor Relations , Department IV
Nippon Telegraph and Telephone Corporation
NTT NEWS RELEASE