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 
                                         Fukuoka and Sapporo Stock Exchanges)

Notice regarding Stock Repurchases

(Stock Repurchases Under the Provisions of Articles of Incorporation Pursuant to

Paragraph 2, Article 165 of the Corporation Law of Japan)

Nippon Telegraph and Telephone Corporation ("NTT") hereby announces that, at a meeting of its board of directors held today, NTT has authorized the repurchase of shares of its common stock pursuant to Article 156 of the Corporation Law of Japan, as applied pursuant to Paragraph 3, Article 165 of the Corporation Law, as described below.

   1.      Reasons for Share Repurchases:

To improve capital efficiency and enable NTT to flexibly exercise its capital policy in response to the changing managerial environment.

   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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