Press Releases 2019
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)
|Number of shares of treasury stock||0 shares|