Statement re share repurchase period extension (9927D)
31 Março 2011 - 4:43AM
UK Regulatory
TIDM56ID
RNS Number : 9927D
Softbank Corp
31 March 2011
March 31, 2011
Extension of the Period for Share Repurchase
(Repurchase of Company Shares Pursuant to the Articles of
Incorporation and the provisions of Article 165, Paragraph 2 of the
Corporate Law)
SOFTBANK CORP. (hereafter "the Company") announces that its
Board of Directors resolved the extension of the period for the
repurchase of the Company's own shares as below at the Board of
Directors' meeting held today.
The repurchase of the Company's own shares was resolved at the
Board of Directors' meeting held on July 29, 2010 pursuant to
Article 156 of the Corporate Law of Japan as applied pursuant to
Article 165, Paragraph 3.
Period for share repurchase: extended until July 29, 2011
<Reference>
1. Resolved content at the Board of Directors' meeting held on
July 29, 2010
(a) Purpose of share repurchase
To obtain treasury stock for delivery upon the exercise of stock
acquisition rights
(b) Details of repurchase
i. Class of shares to be repurchased Common stock
ii. Number of shares to be repurchased Up to 4,000,000
shares
(representing 0.37% of shares issued (excluding treasury
stock))
iii. Total cost of shares to be repurchased Up to JPY 12.0
billion
iv. Method of repurchase Purchase in the market through a trust
bank
v. Period for share repurchase From August 2, 2010 to March 31,
2011
2. Number of shares repurchased by March 31, 2011 based on the
resolution made at Board of Directors' meeting on July 29, 2010
No shares repurchased during the period.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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