KDDI : Notice Regarding Repurchase of Own Shares (Repurchase of own shares under the provisions of the Articles of Incorporation pursuant to Article 165, Paragraph 2, of the Companies Act)
October 30, 2020 at 12:10 pm IST
Share
October 30,2020
KDDI Corporation
The Board of Directors of KDDI Corporation ('KDDI',) at its meeting held today, resolved that KDDI will repurchase its own shares pursuant to Article 156 of the Companies Act of Japan, which applies pursuant to Article 165, Paragraph 3, of that law.
1. Reasons for repurchase of KDDI's own shares
To implement flexible capital policies in response to the change in the business environment, to provide shareholders return and to dispose※ our treasury stock through a third-party allocation with Toyota Motor Corporation as the recipient.
2. Details of matters relating to the repurchase
(1) Type of shares to be repurchased
Shares of common stock
(2) Total number of shares to be repurchased
Up to 84,000,000 shares
(Ratio to the shares outstanding: 3.65%)
(3) Total amount of repurchase price
Up to 200 billion yen
(4) Repurchase period
From November 2※, 2020 to May 31, 2021
(5) Repurchase method
Market purchases through the Tokyo Stock Exchange
Total number of shares outstanding
2,300,062,466 shares
Total number of treasury stocks [1]
4,117,084 shares
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KDDI Corporation published this content on 30 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2020 06:39:04 UTC
KDDI Corporation specializes in telecommunications services. Net sales break down by activity as follows:
- telecommunications services for consumers (84.8%): mobile telephony, fixed-line telephony, Internet access and data transmission services, sale of terminals and mobile telephones, etc.;
- telecommunications services for businesses (14.8%): network and cloud services, data hosting, etc.;
- other (0.4%).
KDDI : Notice Regarding Repurchase of Own Shares (Repurchase of own shares under the provisions of the Articles of Incorporation pursuant to Article 165, Paragraph 2, of the Companies Act)