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)
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.
To enhance shareholder returns
|(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|
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.
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|
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