February 6, 2014
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.
To improve capital efficiency and to implement NTT’s capital policy in light of fluctuations in supply and demand for NTT stock.
|(1)||Class of shares to be repurchased||:||Common stock|
|(2)||Total number of shares to be repurchased||:||Up to 38 million shares
(Proportion of the number of outstanding shares: 3.34%)
|(3)||Aggregate repurchase amount||:||Up to 200 billion yen|
|(4)||Period for repurchases||:||February 7, 2014 ~ March 31, 2014|
|(5)||Method of repurchases||:||Through the Tokyo Stock Exchange Trading Network
Off-Auction Own Share Repurchase Trading System
|Number of outstanding shares||:||1,136,612,370 shares|
|Number of shares of treasury stock||:||84,865 shares|
Investor Relations Office
Finance and Accounting Department
Nippon Telegraph and Telephone Corporation
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Please be advised that information may be outdated after that point.