(Acquisition of treasury stock based on the provisions of the articles of incorporation pursuant to the provisions of Article 165, Paragraph 2 of the Companies Act)
SoftBank Technology Corp.
At the board of directors meeting held on April 26, 2017, the Company resolved to acquire its own shares based on the provisions of Article 156 of the Companies Act, as applied by replacing the provisions of Article 165, Paragraph 3 of the same Act. We would like to inform you that we have done so.
Record
1. Reasons for acquiring treasury stock
We will acquire treasury stock in order to carry out a flexible capital policy that responds to changes in the business environment, and to improve shareholder returns and capital efficiency.
2. Contents of matters related to acquisition
| (1) Type of stock to be acquired | Our common stock |
|---|---|
| (2) Total number of shares to be acquired | 100,000 shares (maximum) (1.0% of the total number of issued shares (excluding treasury shares)) |
| (3) Total acquisition price of shares | 400 million yen (upper limit) |
| (4) Acquisition period | From May 1, 2017 to March 31, 2018 |
Furthermore, as stated in the "Notice Regarding Stock Split and Partial Amendments to the Articles of Incorporation Associated with Stock Split" published on April 26, 2017, the Company will conduct a stock split with an effective date of June 1, 2017. It's a schedule. The total number of shares to be acquired after the stock split is 100,000 shares multiplied by 2, which is 200,000 shares (upper limit).
(Reference) Treasury stock holding status as of March 31, 2017
| Total number of issued shares (excluding treasury stock) | 9,836,279 shares |
|---|---|
| Number of treasury shares | 1,050,621 shares |
■The PDF of this release can be downloaded from the link below.
Click here for the PDF
Contact information for inquiries from media regarding this matter
○ SoftBank Technology Corp. Corporate Planning Division Corporate Planning Department
Email: sbt-ir@tech.softbank.co.jp
