May 14, 2024

Sony Group Corporation

Notice Regarding the Setting of Parameters for Repurchase of Shares of Common Stock (Repurchase of Shares Under the Provision of Sony's Articles of Incorporation Pursuant to Article 459, Paragraph 1 of the Companies Act)

Sony Group Corporation ("Sony") approved, at the meeting of its Board of Directors held today, the setting of parameters for repurchase of shares of its own common stock pursuant to Article 459, Paragraph 1 of the Companies Act of Japan and Article 34 of Sony's Articles of Incorporation, as follows.

1. Reason for Setting Parameters

The following parameters have been set for the purpose of enabling Sony to flexibly repurchase its own shares in consideration of factors such as opportunities for strategic investment, Sony's financial condition and the price of its common stock as part of improving capital efficiency and implementing capital policy according to the business environment.

In addition, Sony has introduced restricted stock, restricted stock units and stock options as stock compensation plans, and Sony plans to curb dilution of its shares by repurchasing shares to offset the securities to be delivered in connection with the stock compensation plans.

2. Parameters for the Repurchase of Shares

（1）

Class of shares for

Common stock of Sony

repurchase

Total number of shares for

30 million shares (maximum)

（2）

(2.46% of total number of shares issued and

repurchase*

outstanding (excluding treasury stock))

（3）

Total purchase price for

250 billion yen (maximum)

repurchase of shares

（4）

Period of repurchase

May 15, 2024 to May 14, 2025

Expected open market purchase through the Tokyo

（5）

Method of repurchase

Stock Exchange based on a discretionary trading

contract

  • As described in the "Notice Regarding a Stock Split and Partial Amendment to Articles of Incorporation" released today, Sony also approved at the same meeting of its Board of Directors held today to conduct a stock split. The total number of shares for repurchase shown in (2) above after the effective date of the stock split (October 1, 2024) will be 150 million shares (maximum).

Depending on investment opportunities, market environment and other factors, it is possible that no share repurchase, or a share repurchase of only a portion of the above, will be carried out.

(For reference) Status of treasury stock as of April 30, 2024

Total number of shares

issued and outstanding

1,220,885,835 shares

(excluding treasury stock)

Number of treasury stock

27,733,754 shares

End of document

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Sony Group Corporation published this content on 14 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2024 06:10:48 UTC.