Status of Share Repurchase in accordance with the Board Resolutions as of June 25 and July 30, 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 the status of the repurchase of its own shares conducted from August 4 to August 31, 2020 as follows, pursuant to Article 156 of the Companies Act of Japan as applied pursuant to Article 165, Paragraph 3.
During the period, SBG did not repurchase any of its own shares as it determined that there were facts that could be classified as nonpublic material facts under insider trading regulations. However, there is no change to the program (the “JPY 4.5 Trillion Program”) announced in “SoftBank Announces JPY 4.5 trillion (USD 41 billion) Program to Repurchase Shares and Reduce Debt” dated March 23, 2020 (the “Initial Announcement”).
Share repurchases of up to JPY 2 trillion (JPY 1.5 trillion unexecuted as of August 31, 2020) under the JPY 4.5 Trillion Program was originally intended to be executed over four quarters from the time of the Initial Announcement. In light of the uncertainty in market trends and other factors, however, it is possible that the repurchase may not be completed by the end of March 2021, which was originally scheduled.
I. Status of share repurchase in accordance with the resolution made by the Board of Directors on June 25, 2020
| (1) Class of shares repurchased: | Common stock of SBG |
|---|---|
| (2) Total number of shares repurchased: | 0 |
| (3) Total amount of repurchase: | JPY 0 |
| (4) Repurchase period: | From August 4, 2020 to August 31, 2020 (execution base) |
For Reference
1. Details of the resolution made by the Board of Directors on June 25, 2020
| (1) Class of shares to be repurchased: | Common stock of SBG |
|---|---|
| (2) Total number of repurchasable shares: | 115,000,000 (maximum) |
| (3) Total amount of repurchase: | JPY 500 billion (maximum) |
| (4) Repurchase period: | From June 26, 2020 to March 31, 2021 |
2. Cumulative number of shares repurchased, based on the resolution made by the Board of Directors on June 25, 2020 (as of August 31, 2020)
| (1) Total number of shares repurchased: | 0 |
|---|---|
| (2) Total amount of repurchase: | JPY 0 |
II. Status of share repurchase in accordance with the resolution made by the Board of Directors on July 30, 2020
| (1) Class of shares repurchased: | Common stock of SBG |
|---|---|
| (2) Total number of shares repurchased: | 0 |
| (3) Total amount of repurchase: | JPY 0 |
| (4) Repurchase period: | From August 4, 2020 to August 31, 2020 (execution base) |
For Reference
1. Details of the resolution made by the Board of Directors on July 30, 2020
| (1) Class of shares to be repurchased: | Common stock of SBG |
|---|---|
| (2) Total number of repurchasable shares: | 240,000,000 (maximum) |
| (3) Total amount of repurchase: | JPY 1 trillion (maximum) |
| (4) Repurchase period: | From July 31, 2020 to July 30, 2021 |
2. Cumulative number of shares repurchased based on the resolution made by the Board of Directors on July 30, 2020 (as of August 31, 2020)
| (1) Total number of shares repurchased: | 0 |
|---|---|
| (2) Total amount of repurchase: | JPY 0 |
III. Share repurchases based on the JPY 4.5 Trillion Program (as of August 31, 2020)
| Date of Board resolution | Total number of shares to be repurchased | Total amount of repurchase | Repurchase period |
|---|---|---|---|
| May 15, 2020 | 81,940,400 (Repurchased) | JPY 500 billion (Repurchased) | From June 17, 2020 to August 3, 2020 |
| June 25, 2020 | Maximum of 115 million | Maximum of JPY 500 billion | From June 26, 2020 to March 31, 2021 |
| July 30, 2020 | Maximum of 240 million | Maximum of JPY 1 trillion | From July 31, 2020 to July 30, 2021 |
| (Reference: Status of share repurchase resolved before the JPY 4.5 Trillion Program) | |||
| March 13, 2020 | 107,679,300 (Repurchased) | JPY 500 billion (Repurchased) | From March 16, 2020 to June 15, 2020 |
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