(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 25, 2018, the Company resolved matters related to the acquisition of treasury stock based on 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. I would like to inform you that.
Record
1. Reasons for acquiring treasury stock
The purpose of acquiring treasury stock is to enhance shareholder returns and improve 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 | 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, 2018 to March 31, 2019 |
(Reference) Treasury stock holding status as of March 31, 2018
| Total number of issued shares (excluding treasury stock) | 19,784,358 shares |
|---|---|
| Number of treasury shares | 2,301,242 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
