November 6, 2020
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 120 million shares of common stock
(Ratio to the number of outstanding shares*:3.23%)
|(2) Aggregate repurchase amount:||Up to 250 billion yen|
|(3) Period of repurchases:||November 11, 2020 ~ March 31, 2021|
|(4) Method of repurchases||Market trading transactions on the Tokyo Stock Exchange (Planned)|
|Number of outstanding shares*||3,715,952,930 shares|
|Number of shares of treasury stock||184,836,010 shares|
Investor Relations Office
Finance and Accounting Department
Nippon Telegraph and Telephone Corporation
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