Extension of the Period for Share Repurchase
(Repurchase of Company Shares Pursuant to the Articles of Incorporation and the provisions of Article 165, Paragraph 2 of the Corporate Law)
SOFTBANK CORP. (hereafter “the Company”) announces that its Board of Directors resolved the extension of the period for the repurchase of the Company's own shares as below at the Board of Directors' meeting held today.
The repurchase of the Company's own shares was resolved at the Board of Directors' meeting held on July 29, 2010 pursuant to Article 156 of the Corporate Law of Japan as applied pursuant to Article 165, Paragraph 3.
|Period for share repurchase||extended until July 29, 2011|
1. Resolved content at the Board of Directors' meeting held on July 29, 2010
(a) Purpose of share repurchase
To obtain treasury stock for delivery upon the exercise of stock acquisition rights
(b) Details of repurchase
|i. Class of shares to be repurchased||Common stock|
|ii. Number of shares to be repurchased||Up to 4,000,000 shares|
(representing 0.37% of shares issued (excluding treasury stock))
|iii. Total cost of shares to be repurchased||Up to JPY 12.0 billion|
|iv. Method of repurchase||Purchase in the market through a trust bank|
|v. Period for share repurchase||From August 2, 2010 to March 31, 2011|
2. Number of shares repurchased by March 31, 2011 based on the resolution made at Board of Directors' meeting on July 29, 2010
No shares repurchased during the period.
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