Status and Completion of Share Repurchase in accordance with the Board Resolution as of July 30, 2020 and Determined Number of Shares to be Retired
(Share repurchase under the provisions of SBG’s Articles of Incorporation pursuant to Article 165, Paragraph 2 of the Companies Act of Japan and retirement of treasury stock pursuant to Article 178 of the Companies Act of Japan)
SoftBank Group Corp. (“SBG”) announced the status of the repurchase of its own shares conducted on May 12, 2021 as follows, pursuant to Article 156 of the Companies Act of Japan as applied pursuant to Article 165, Paragraph 3. This concludes SBG’s share repurchase in accordance with the resolution made by the Board of Directors on July 30, 2020, as well as the share repurchase of up to JPY 2 trillion 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 “JPY 4.5 Trillion Program”).
In addition, the number of treasury stock to be retired as announced in “Retirement of Treasury Stock” dated today, May 12, 2021, pursuant to Article 178 of the Companies Act of Japan, has now been determined.
I. 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: | 1,842,500 |
| (3) Total amount of repurchase: | JPY 17,071,093,100 |
| (4) Repurchase period: | May 12, 2021 (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 May 12, 2021)
| (1) Total number of shares repurchased: | 106,661,500 |
| (2) Total amount of repurchase: | JPY 999,999,968,500 |
II. Results of share repurchases based on the JPY 4.5 Trillion Program
As of May 12, 2021
| Date of Board resolution | Total number of shares repurchased | Total amount of repurchase | Repurchase period |
| May 15, 2020 | 81,940,400 | JPY 500 billion | From June 17, 2020 to August 3, 2020 |
| June 25, 2020 | 70,579,400 | JPY 500 billion | From September 15, 2020 to December 11, 2020 |
| July 30, 2020 | 106,661,500 | JPY 1 triilion | From December 14, 2020 to May 12, 2021 |
| Total | 259,181,300 | JPY 2 trillion | |
| (Reference: Status of share repurchase resolved before the JPY 4.5 Trillion Program) | |||
| March 13, 2020 | 107,679,300 | JPY 500 billion | From March 16, 2020 to June 15, 2020 |
III. Retirement of treasury stock
| (1) Class of shares to be retired | Common stock of SBG |
| (2) Number of shares to be retired | 25,980,400 shares (1.49% of total number of shares issued prior to the retirement) |
| (3) Planned retirement date | May 19, 2021 |
Reference:
1. Number of shares prior to the retirement (as of May 12, 2021)
| Total number of shares issued | 1,748,934,130 shares |
| Number of treasury stock | 36,254,119 shares (2.07% of total number of shares issued) |
2. Number of shares after the retirement (estimated as of May 19, 2021)
| Total number of shares issued | 1,722,953,730 shares |
| Number of treasury stock | 10,273,719 shares (0.60% 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, as well as the number of shares repurchased from May 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, and the number of shares repurchased on May 12, 2021 as disclosed in this document.
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