Additional Purchases of Sprint Corporation Shares
SoftBank Corp. (the “Company”), has purchased additional shares (“Additional Purchases”) of Sprint Corporation (“New Sprint”), a subsidiary located in the U.S., through a wholly-owned U.S. subsidiary of the Company as stated below.
1. Outline of Additional Purchases
|(1) Investing company||Galaxy Investment Holdings, Inc.|
(a wholly-owned subsidiary of the Company)
|(2) Number of shares purchased||28,808,212 shares|
(Share of outstanding shares of New Sprint common stock: 0.73%*1)
|(3) Purchase date||From Aug. 1, 2013 to Aug. 5, 2013 (EDT)|
|(4) Aggregate purchase price||USD 187,599,575.52 (approx. JPY 18.4bn)*2|
|(5) Number of shares held by the Company after Additional Purchases||3,105,333,735 shares|
(Share of outstanding shares of New Sprint common stock: 79.07%*1)
2. Purpose of Transaction
The Additional Purchases are intended to increase the Company's beneficial ownership in New Sprint to approximately 80% of the outstanding shares of New Sprint common stock. Galaxy Investment Holdings, Inc. (a Delaware corporation) intends to acquire approximately 2% of the outstanding shares of New Sprint common stock in compliance with Rule 10b-18（Safe Harbor Rule）of the Securities Exchange Act of 1934, as amended.
- *1 Based on the outstanding New Sprint common stock as set forth in New Sprint's Quarterly Report on Form 10-Q, filed with the U.S. Securities and Exchange Commission on Aug. 5, 2013 (EDT). This does not include the shares of New Sprint common stock underlying the warrant issued by New Sprint to the Company's U.S. subsidiary Starburst I, Inc. dated July 10, 2013.
- *2 Exclusive of any fees, commissions or other expenses. Converted at USD 1 = JPY 98
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