Press Releases 2019

Resolution regarding Share Repurchase (Share repurchase under the provisions of SBG's Articles of Incorporation pursuant to Article 165, Paragraph 2 of the Companies Act of Japan)

February 6, 2019
SoftBank Group Corp.

SoftBank Group Corp. (“SBG”) announces that on February 6, 2019 its Board of Directors resolved the repurchase of its own shares pursuant to Article 156 of the Companies Act of Japan as applied pursuant to Article 165, Paragraph 3.

1. Purpose

To enhance shareholder returns

2. Details

(1) Class of shares to be repurchased: Common stock of SBG
(2) Total number of repurchasable shares: 112,000,000 (maximum) (10.3% of the total number of shares issued excluding treasury stock)
(3) Total repurchase amount: JPY 600 billion (maximum)
(4) Method of repurchase: Open market purchase through a trust bank
(5) Repurchase period: From February 7, 2019 to January 31, 2020

3. Remarks

SBG will fund the proposed share repurchase with the proceeds from the disposal of a portion of SoftBank Corp. shares at the listing of SoftBank Corp.

Reference:

Treasury stock held as of December 31, 2018

Total number of shares issued (excluding treasury stock): 1,090,236,812 shares
Number of treasury stock: 10,423,553 shares
  • Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank Group Corp. or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website.