September 10, 2019
Nippon Telegraph and Telephone Corporation (“NTT”) has today decided to implement a repurchase of shares of its common stock, which was authorized by a resolution passed at a meeting of its board of directors held on August 6, 2019, pursuant to Article 156 of the Companies Act of Japan, as applied pursuant to Paragraph 3, Article 165 of the Companies Act. Details of the method of repurchase are as follows:
NTT will place purchase orders for its shares through brokerages on the Tokyo Stock Exchange Trading Network Off-Auction Own Share Repurchase Trading System (ToSTNeT-3) for the 8:45 a.m. session on September 11, 2019 (no changes to the trading system or trading time will be made), at a price equal to the closing price of NTT’s common stock on the first section of the Tokyo Stock Exchange on September 10, 2019 (¥5,126).
(1) Class of shares to be repurchased | Common stock |
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(2) Total number of shares to be repurchased | 53 million shares |
NTT will announce the results of its stock repurchase after completion of the repurchase at 8:45 a.m. on September 11, 2019.
Details of the resolution approved at the board of directors’ meeting held on August 6, 2019 (as announced on August 6, 2019):
(1) Class of shares to be repurchased | Common stock |
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(2) Total number of shares to be repurchased | Up to 53 million shares |
(3) Aggregate repurchase amount | Up to 300 billion yen |
Investor Relations Office
Finance and Accounting Department
Nippon Telegraph and Telephone Corporation
Contact us by email: https://www.ntt.co.jp/ir/form_e/ref_contact.html
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Please be advised that information may be outdated after that point.