August 5, 2015
Nippon Telegraph and Telephone Corporation (“NTT”) hereby announces that, at a meeting of its Board of Directors held today, NTT has authorized repurchases of shares of its common stock pursuant to Article 156 of the Companies Act of Japan (the “Companies Act”), as applied pursuant to Paragraph 3, Article 165 of the Companies Act, as described below.
To improve capital efficiency and enable NTT to flexibly exercise its capital policy in response to the changing managerial environment.
|(1)||Total number of shares to be repurchased||:||Up to 21 million shares of common stock
(Ratio to the number of outstanding shares*: 0.99%)
|(2)||Aggregate repurchase amount||:||Up to 100 billion yen|
|(3)||Period for repurchases||:||August 6, 2015 ~ October 30, 2015|
|Number of outstanding shares*||:||1,058,592,626 shares|
|Number of shares of treasury stock||:||78,104,609 shares|
|Number of outstanding shares*||:||2,117,185,252 shares|
|Number of shares of treasury stock||:||156,209,218 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Please be advised that information may be outdated after that point.