Transaction in Own Shares
12 May 2005 - 9:14PM
UK Regulatory
RNS Number:2223M
Nippon Telegraph and Telephone Corp
12 May 2005
May 12, 2005
Notice of call for a shareholder resolution regarding repurchase of own shares
at the ordinary general meeting
(Under Article 210 of the Japanese Commercial Code)
Nippon Telegraph and Telephone Corporation ("NTT") announced that on May 12,
2005 its board of directors decided to call for a resolution of its shareholders
at the 20th annual meeting scheduled to be held on June 28, 2005 regarding the
repurchase of its own shares.
1. Reason for share repurchase
To implement a capital policy that takes into account supply and demand
conditions of NTT's shares.
2. Details of proposed share repurchase
(1) Class of shares: Common stock
(2) Number of shares to be 1,250,000 shares (maximum)
repurchased: (Percent of total shares issued : 7.94%)
(3) Value of shares to be repurchased: 600 billion yen (maximum)
(Note)
The above details are subject to the approval of a resolution regarding the
repurchase by NTT of its own shares by the shareholders at the 20th ordinary
general meeting to be held on June 28, 2005.
(Reference)
Number of treasury shares held as of March 31, 2005
Total number of shares issued (excluding treasury shares): 14,939,759 shares
Number of treasury shares: 801,451 shares
For inquiries, please contact:
Investor Relations Office
Department IV
Nippon Telegraph and Telephone Corporation
Attn: Shioyama (Mr) or Hanaki (Mr)
Tel: +81-3-5205-5581
E-mail: investors@hco.ntt.co.jp
This information is provided by RNS
The company news service from the London Stock Exchange
END
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