SOFTBANK announces amendment of its Articles of Incorporation regarding acquisition of treasury stock
SOFTBANK CORP. (the “Company”) announces that its board of directors resolved today to submit a proposal, at the 24th ordinary general meeting of shareholders of the Company to be held on June 24, 2004, to amend its Articles of Incorporation. The amendment shall enable the Company to purchase its own shares by resolution of its Board of Directors pursuant to Sub-section 2 of Section 1 of Article 211-3 of the Commercial Code of Japan.
The amendment enables the Company flexible and agile capital management in response to its business, financial, condition and other business environment.
The above is subject to shareholders’ approval at the 24 th ordinary general meeting of shareholders of the Company to be held on June 24, 2004.
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