Additional Purchases of Sprint Corporation SharesAugust 6, 2013
SoftBank Corp. (the “Company”), has purchased additional shares (“Additional Purchases”) of Sprint Corporation (“New Sprint”), a subsidiary located in the U.S., through a wholly-owned U.S. subsidiary of the Company as stated below.
1. Outline of Additional Purchases
|(1) Investing company||Galaxy Investment Holdings, Inc.
(a wholly-owned subsidiary of the Company)
|(2) Number of shares purchased||28,808,212 shares
(Share of outstanding shares of New Sprint common stock: 0.73%*1)
|(3) Purchase date||From Aug. 1, 2013 to Aug. 5, 2013 (EDT)|
|(4) Aggregate purchase price||USD 187,599,575.52 (approx. JPY 18.4bn)*2|
|(5) Number of shares held by the Company after Additional Purchases||3,105,333,735 shares
(Share of outstanding shares of New Sprint common stock: 79.07%*1)
2. Purpose of Transaction
The Additional Purchases are intended to increase the Company's beneficial ownership in New Sprint to approximately 80% of the outstanding shares of New Sprint common stock. Galaxy Investment Holdings, Inc. (a Delaware corporation) intends to acquire approximately 2% of the outstanding shares of New Sprint common stock in compliance with Rule 10b-18（Safe Harbor Rule）of the Securities Exchange Act of 1934, as amended.
- *1Based on the outstanding New Sprint common stock as set forth in New Sprint's Quarterly Report on Form 10-Q, filed with the U.S. Securities and Exchange Commission on Aug. 5, 2013 (EDT). This does not include the shares of New Sprint common stock underlying the warrant issued by New Sprint to the Company's U.S. subsidiary Starburst I, Inc. dated July 10, 2013.
- *2Exclusive of any fees, commissions or other expenses. Converted at USD 1 = JPY 98
This material was prepared based on information available and views held at the time it was made. Statements in this material that are not historical facts, including, without limitation, plans, forecasts and strategies are “forward-looking statements”.
Forward-looking statements are by their nature subject to various risks and uncertainties, including, without limitation, a decline in general economic conditions, general market conditions, technological developments, changes in customer demand for products and services, increased competition, risks associated with international operations, and other important factors, each of which may cause actual results and future developments to differ materially from those expressed or implied in any forward-looking statement.
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Any statements made herein regarding Sprint Corporation or Sprint Communications, Inc. (together, “Sprint”) are made by SoftBank solely in its capacity as an investor in Sprint. None of such statements are made on behalf of or attributable to Sprint. Any information contained herein regarding Sprint is subject to any and all subsequent disclosures made by Sprint on its own behalf. Neither Sprint nor SoftBank undertakes any obligation to update the information contained herein in connection with any subsequent disclosures made by Sprint, or to reflect any other subsequent circumstances or events. Nothing contained herein may be construed as an obligation on the part of Sprint to provide disclosures or guidance on its own behalf.
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