November 7, 2014
As previously announced, Nippon Telegraph and Telephone Corporation (“NTT”) authorized the repurchase of shares of its common stock at a meeting of its board of directors held on May 13, 2014 pursuant to Article 156 of the Companies Act of Japan, as applied pursuant to Paragraph 3, Article 165 of the Companies Act of Japan. NTT hereby announces that, pursuant to a resolution of a meeting of its board of directors held today, it has revised this authorization as follows:
To improve capital efficiency and to enable the flexible implementation of NTT’s capital policy in response to the changing business environment.
The relevant changes to the authorization are underlined.
|(i) Total number of shares to be repurchased||Up to 44 million shares of common stock
(Ratio to the number of outstanding shares: 3.96%)
|Up to 51 million shares of common stock
(Ratio to the number of outstanding shares: 4.60%)
|(ii) Aggregate repurchase amount||Up to 250 billion yen||Up to 350 billion yen|
|(iii) Period for repurchases||July 1, 2014 ~ March 31, 2015||November 10, 2014 ~ June 30, 2015|
|(iv) Method of repurchases||Through the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) (Planned)||Through the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) and market trading transactions on the Tokyo Stock Exchange (Planned)|
|Number of outstanding shares (excluding shares of treasury stock)||:||1,109,617,382 shares|
|Number of shares of treasury stock||:||27,079,853 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Please be advised that information may be outdated after that point.