May 15, 2015
Nippon Telegraph and Telephone Corporation (“NTT”) hereby announces that, at a meeting of its board of directors held today, the board adopted resolutions in relation to implementing a stock split and change in the ratio of American Depositary Receipts (“ADRs”) to underlying shares, and setting a dividend forecast for the year ending March 31, 2016.
The objective of the two-for-one stock split is to lower NTT’s minimum investment cost per unit, thereby improving the investment environment for its shares and expanding its investor base.
The record date for the stock split will be Tuesday, June 30, 2015. Each share of common stock held by shareholders as of the record date will be split into two.
|<1>||Number of shares outstanding prior to stock split||:||1,136,697,235 Shares|
|<2>||Increase in number of shares as a result of stock split||:||1,136,697,235 Shares|
|<3>||Number of shares outstanding after stock split||:||2,273,394,470 Shares|
|<4>||Number of shares authorized to be issued after stock split||:||6,192,920,900 Shares (No change)*|
|<1>||Public Notice Date of the Record Date||:||June 15, 2015 (Monday)|
|<2>||Record Date||:||June 30, 2015 (Tuesday)|
|<3>||Effective Date||:||July 1, 2015 (Wednesday)|
The objective is to provide ADR holders with the same investment level they currently enjoy by maintaining the current ADR investment unit price levels.
|<1>||Current Ratio||:||1 ADR = 0.5 Underlying Shares|
|<2>||New Ratio||:||1 ADR = 1.0 Underlying Shares|
|<3>||Effective Date of New Ratio||:||Wednesday, July 1, 2015 (U.S. Eastern Time)|
|Interim Dividend||Year-end Dividend||Annual Total|
|Year ending March 31, 2016, after taking the stock split into account (Forecasts)||50 yen||50 yen||100 yen|
|Year ending March 31, 2016, before taking the stock split into account (Forecasts)||100 yen||100 yen||200 yen|
|Year ended March 31, 2015 (Reference)||90 yen
(distributed in December 2014)
|90 yen||180 yen|
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Please be advised that information may be outdated after that point.