Resolution regarding Share Repurchase Based on the Share Repurchase Program Announced on March 23, 2020
(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”) announced today that on May 15, 2020, 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. Reason for share repurchase
Based on the program announced in "SoftBank Announces JPY 4.5 trillion (USD 41 billion) Program to Repurchase Shares and Reduce Debt" dated March 23, 2020, the details of this share repurchase have been determined as below.
|(1) Class of shares to be repurchased:||Common stock of SBG|
|(2) Total number of repurchasable shares:||135,000,000 (maximum)|
(6.70% of the total number of shares issued excluding treasury stock)
|(3) Total repurchase amount:||JPY 500 billion (maximum)|
|(4) Repurchase period:||From May 18, 2020 to March 31, 2021|
Treasury stock held as of April 30, 2020
|Total number of shares issued|
(excluding treasury stock):
|Number of treasury stock:||75,741,561 shares|
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