SoftBank Technology Corp.
The Company hereby announces that it has carried out the acquisition of treasury stock as described below pursuant to the provisions of Article 156 of the Companies Act, as applied by replacing the terms with the provisions of Article 165, Paragraph 3 of the same Act. With this, the acquisition of treasury stock pursuant to the board of directors meeting held on April 26, 2017 has been completed.
Record
1. Type of stock acquired | Our common stock |
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2. Number of acquired shares | 200,000 shares |
3. Total amount acquired | 358,643,900 yen |
4. Acquisition period | From May 1, 2017 to September 5, 2017 (contract basis) |
5. Acquisition method | Market purchases on Tokyo Stock Exchange |
(For your reference)
Details of resolutions at the board of directors meeting held on April 26, 2017
(1) Type of stock to be acquired | Our common stock |
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(2) Total number of shares that can be acquired | 200,000 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 the Stock Split" published on April 26, 2017, the Company will implement the stock split with an effective date of June 1, 2017. However, the total number of shares that can be acquired is 200,000 shares (upper limit), which is 100,000 shares multiplied by 2.
■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