December 12, 2016
Nippon Telegraph and Telephone Corporation (“NTT”) hereby announces that, at a meeting of its Board of Directors held today, NTT 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 enhance shareholder returns.
|(1)||Total number of shares to be repurchased||:||Up to 33 million shares of common stock
(Ratio to the number of outstanding shares*: 1.62%)
|(2)||Aggregate repurchase amount||:||Up to 150 billion yen|
|(3)||Period of repurchases||:||December 13, 2016 ~ June 30, 2017|
|Number of outstanding shares*||:||2,037,084,484 shares|
|Number of shares of treasury stock||:||59,309,986 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Please be advised that information may be outdated after that point.