Retirement of Treasury Stock
SoftBank Group Corp. (“SBG”) today announced that its Board of Directors approved the retirement of treasury stock as follows, pursuant to Article 178 of the Companies Act of Japan.
As a result, together with the retirement of 340,880,200 shares of treasury stock* announced in “Retirement of Treasury Stock” dated April 28, 2021, SBG will retire the same number of shares as the entire number of treasury stock acquired and to be acquired based on the resolutions of the Board of Directors on March 13, 2020, May 15, 2020, June 25, 2020, and July 30, 2020.
The number is equivalent to the total number of treasury stock acquired from March 16, 2020 to March 31, 2021 based on the resolutions of the Board of Directors on March 13, 2020, May 15, 2020, June 25, 2020, and July 30, 2020.
| (1) Class of shares to be retired | Common stock of SBG |
|---|---|
| (2) Number of shares to be retired | The same number of shares as the entire number of treasury stock to be acquired from April 1, 2021 to July 30, 2021 based on the resolution of the Board of Directors on July 30, 2020 |
| (3) Planned retirement date | Immediately after the completion of the share repurchase based on the share repurchase resolution on July 30, 2020 |
Reference:
Number of shares prior to the retirement (as of May 11, 2021)
| Total number of shares issued | 1,748,934,130 shares |
|---|---|
| Number of treasury stock | 34,411,619 shares (1.97% of total number of shares issued) |
Calculations are based on the total number of shares issued and outstanding (2,089,814,330 shares) and the number of treasury stock (372,013,119 shares) as of April 30, 2021, taking into account the retirement of treasury stock (340,880,200 shares of SBG’s common stock were retired on May 11, 2021), as announced in “Retirement of Treasury Stock” dated April 28, 2021, and the share repurchase (24,137,900 shares were acquired from April 1 to May 11, 2021), as announced in “Status of Share Repurchase in Accordance with the Board Resolution as of July 30, 2020” dated today, May 12, 2021.
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