Partial Change Relating to Share Repurchase (3340F)
April 21 2011 - 2:48AM
UK Regulatory
TIDM56ID
RNS Number : 3340F
Softbank Corp
21 April 2011
April 21, 2011
Partial Change Relating to 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 at the
Board of Directors' meeting held today its Board of Directors
resolved the increase of the total cost of shares to be
repurchased, in relation to the share repurchase resolved at the
Board of Directors' meeting held on July 29, 2010.
The period for share repurchase was extended until July 29, 2011
by resolution at the Board of Directors' meeting held on March 31,
2011.
Total cost of shares to be repurchased: increased up to JPY 16.0
billion
(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. Resolved content at the Board of Directors' meeting held on
March 31, 2011
Period for share repurchase: extended until July 29, 2011
3. Number of shares repurchased by April 21, 2011 based on the
resolution made at Board of Directors' meeting on July 29, 2010 and
March 31, 2011.
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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