Nippon Telegraph and Telephone Corp NOTICE REGARDING STOCK REPURCHASES (4396E)
TIDMNPN
RNS Number : 4396E
Nippon Telegraph and Telephone Corp
10 May 2013
May 10, 2013
Company Name: Nippon Telegraph and Telephone Corporation Representative: Hiroo Unoura, President and Chief Executive Officer (Code No.: 9432, First section of Tokyo, Osaka and Nagoya Stock Exchanges and f*ckuoka and Sapporo Stock Exchanges)
Notice regarding Stock Repurchases
(Stock Repurchases Under the Provisions of Articles ofIncorporation Pursuant to
Paragraph 2, Article 165 of the Corporation Law of Japan)
Nippon Telegraph and Telephone Corporation ("NTT") herebyannounces that, at a meeting of its board of directors held today,NTT has authorized the repurchase of shares of its common stockpursuant to Article 156 of the Corporation Law of Japan, as appliedpursuant to Paragraph 3, Article 165 of the Corporation Law, asdescribed below.
1. Reasons for Share Repurchases:
To improve capital efficiency and enable NTT to flexiblyexercise its capital policy in response to the changing managerialenvironment.
2. Details of Repurchases: (1) Class of shares to Common stock be repurchased: (2) Total number of shares Up to 50 million shares to be repurchased: (Ratio to the number of outstanding shares: 4.22%) (3) Aggregate repurchase Up to 250 billion yen amount: (4) Period for repurchases: May 13, 2013 March 31, 2014 (For reference) Number of treasury stock (as of March 31, 2013): Number of outstanding shares: 1,185,374,632 shares Number of treasury stock: 137,822,603 shares For further inquiries, please contact: Takuro Hanaki or Takayuki Kimura Investor Relations Office Finance and Accounting Department Nippon Telegraph and Telephone Corporation TEL: +81-3-5205-5581
This information is provided by RNS
The company news service from the London Stock Exchange
END
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