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 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.
As part of the same program, SBG has already decided to repurchase up to JPY 500 billion of its own shares on May 15, 2020, as announced in “Resolution regarding Share Repurchase Based on the Share Repurchase Program Announced on March 23, 2020” dated May 18, 2020. Together with the share repurchase SBG announced today, these bring the total amount of the share repurchase decided to date based on the program up to JPY 1 trillion.
|(1) Class of shares to be repurchased:||Common stock of SBG|
|(2) Total number of repurchasable shares:||115,000,000 (maximum) |
(5.75% of the total number of shares issued excluding treasury stock)
|(3) Total repurchase amount:||JPY 500 billion (maximum)|
|(4) Repurchase period:||From June 26, 2020 to March 31, 2021|
Treasury stock held as of May 31, 2020
|Total number of shares issued|
(excluding treasury stock):
|Number of treasury stock:||88,592,973 shares|
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