05/15/2019 | Press release | Distributed by Public on 05/15/2019 00:12
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 and to provide shareholders return.
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 73,000,000 shares
(Ratio to the shares outstanding: 3.10%)
|(3) Total amount of repurchase price||Up to 150 billion yen|
|(4) Repurchase period||From May 16, 2019 to December 23, 2019|
|(5) Repurchase method||Market purchases through the Tokyo Stock Exchange|
Reference: Own shares held by KDDI as of March 31, 2019
|Total number of shares outstanding||2,351,050,672 shares|
|Total number of treasury stocks ||180,953,773 shares|