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- Notice of Expansion of Acquisition Limit and Extension of Acquisition Period for Own Shares (Repurchase of own shares under the provisions of the Articles of Incorporation pursuant to Article 165, Paragraph 2, of the Companies Act)
Notice of Expansion of Acquisition Limit and Extension of Acquisition Period for Own Shares (Repurchase of own shares under the provisions of the Articles of Incorporation pursuant to Article 165, Paragraph 2, of the Companies Act)
Print this PageJanuary 28,2022
KDDI Corporation
The Board of Directors of KDDI Corporation ("KDDI",) at its meeting held today, resolved that KDDI will expand the acquisition limit and extend the acquisition period for its own shares, although KDDI had resolved at its meeting held on May 14, 2021 that KDDI would 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. Reason for change
To implement flexible capital policies that considering stock market trends in response to the change in the business environment and to provide shareholders return and the total number of shares that can be acquired and the total acquisition price of the shares will be expanded and the acquisition period will be extended at the same time.
2. Description of change
Changes are underlined.
| Present (The resolution at the Board of Directors' meeting on May 14, 2021) | Proposed articles | |
|---|---|---|
| (1) Type of shares to be repurchased | Shares of common stock | Shares of common stock |
| (2) Total number of shares to be repurchased (Ratio to the shares outstanding) |
Up to 52,000,000 shares (2.29%) |
Up to 69,000,000 shares (3.03%) |
| (3) Total amount of repurchase price | Up to 150 billion yen | Up to 200 billion yen |
| (4) Repurchase period | From June 1, 2021 to March 24, 2022 | From June 1, 2021 to May 31, 2022 |
| (5) Repurchase method | Market purchases through the Tokyo Stock Exchange | Market purchases through the Tokyo Stock Exchange |
(Reference)
1. Total own shares repurchased in accordance with the resolution at the Board of Directors' meeting on May 14, 2021 (as of January 27, 2022)
| (1) Total number of shares repurchased | 32,487,300 shares |
|---|---|
| (2) Total amount of repurchase price | 113,183,564,117 yen |
2. Own shares held by KDDI as of January 27, 2022
| Total number of shares outstanding | 2,224,810,253 shares |
|---|---|
| Total number of treasury stocks [1] | 79,369,297 shares |
[1] The number of treasury stocks listed includes the 3,924,187 shares of KDDI shares owned by the executives' compensation BIP Trust Account and ESOP Trust Account.