The Policy on Treasury Stock Cancellation
May 14 2010 - 6:32AM
UK Regulatory
TIDMNPN
RNS Number : 9447L
Nippon Telegraph and Telephone Corp
14 May 2010
May 14, 2010
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| Company Name: Nippon Telegraph and Telephone Corporation |
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| Representative: Satoshi Miura, President and Chief Executive Officer |
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| (Code No.: 9432, First section of Tokyo, Osaka and Nagoya Stock Exchanges and |
| Fukuoka and Sapporo Stock Exchanges) |
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NOTICE CONCERNING THE POLICY ON TREASURY STOCK CANCELLATION
Nippon Telegraph and Telephone Corporation (the "Company") hereby announces that
at the Board of Directors' meeting held on May 14, 2010, the basic policy on
cancellation of treasury stock owned by the Company was adopted as stated below.
1. All treasury stock owned by the Company as of March 31, 2010 (250,923,665
shares) shall be cancelled over two fiscal years.
2. One-half of the treasury stock shall be cancelled during this calendar
year and the remainder of the treasury stock shall be cancelled during the
following fiscal year ending March 31, 2012.
Details regarding the actual cancellation shall be resolved separately at a
Board of Directors' meeting pursuant to the provisions of Article 178 of the
Corporation Law.
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| For further information, please contact: |
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| Masaru Nara or Akio Iijima |
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| Investor Relations Office |
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| Finance and Accounting Department |
| Nippon Telegraph and Telephone Corporation |
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| TEL: +81-3-5205-5581 |
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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