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- NOTICE REGARDING STOCK REPURCHASES(STOCK REPURCHASES UNDER THE PROVISIONS OF ARTICLES OF INCORPORATION PURSUANT TO PARAGRAPH 2, ARTICLE 165 OF THE CORPORATION LAW OF JAPAN)
May 10, 2013
NOTICE REGARDING STOCK REPURCHASES
(STOCK REPURCHASES UNDER THE PROVISIONS OF ARTICLES OF INCORPORATION PURSUANT TO PARAGRAPH 2, ARTICLE 165 OF THE CORPORATION LAW OF JAPAN)
Nippon Telegraph and Telephone Corporation (“NTT”) hereby announces that, at a meeting of its board of directors held today, NTT has authorized the repurchase of shares of its common stock pursuant to Article 156 of the Corporation Law of Japan, as applied pursuant to Paragraph 3, Article 165 of the Corporation Law, as described below.
1.Reasons for Share Repurchases:
To improve capital efficiency and enable NTT to flexibly exercise its capital policy in response to the changing managerial environment.
2.Details of Repurchases:
| (1) | Class of shares to be repurchased | : | Common stock |
| (2) | Total number of shares to be repurchased | : | Up to 50 million shares (Ratio to the number of outstanding shares: 4.22%) |
| (3) | Aggregate repurchase amount | : | Up to 250 billion yen |
| (4) | Period for repurchases | : | May 13, 2013 ~ March 31, 2014 |
(For reference) Number of treasury stock (as of March 31, 2013):
| Number of outstanding shares | : | 1,185,374,632 shares |
| Number of treasury stock | : | 137,822,603 shares |
For further inquiries, please contact:
Takuro Hanaki or Takayuki Kimura
Investor Relations Office
Finance and Accounting Department
Nippon Telegraph and Telephone Corporation
TEL: +81-3-5205-5581
Information is current as of the date of issue of the individual press release.
Please be advised that information may be outdated after that point.
