Press Releases 2019
Notice Concerning Approval of Share Buyback Program
(Share buybacks pursuant to the articles of incorporation in accordance with
Article 459, Paragraph 1 of the Companies Act of Japan)
July 24, 2019
SoftBank Corp.
SoftBank Corp. (“The Company”) announces that at the meeting of the Board of Directors held on July 24, 2019, its Board of Directors approved a resolution to set up a share buyback program, pursuant to the Company's article of incorporation in accordance with Article 459, paragraph 1 of the Companies Act of Japan.
1. Purpose of the share buyback program
To deliver shares upon exercise of stock options (stock acquisition rights).
2. Details of the share buyback program
| 1. Type of shares to be acquired | Common stock |
|---|---|
| 2. Total number of shares to be acquired | Up to 46,000,000 shares (0.96% of total shares outstanding) |
| 3. Total amount to be paid for acquisition | Up to JPY 74.0 billion |
| 4. Period of acquisition | August 6, 2019 to March 31, 2020 |
| 5. Method of acquisition | Purchased on the Tokyo Stock Exchange |
(Reference) Treasury stock holding as of March 31, 2019
| Total number of shares outstanding (excluding treasury stock) |
4,787,145,170 shares |
|---|---|
| Number of shares of treasury stock | 0 shares |