BlackBerry renews share buyback program for up to 26.8 million shares

BlackBerry Limited (NYSE: BB) (TSX: BB) announced it received approval from the Toronto Stock Exchange to renew its normal course issuer bid share buyback program. The program allows the company to repurchase up to 26,785,714 common shares, representing approximately 4.58% of its outstanding public float as of April 30, 2026.

The company can purchase shares through the TSX, other Canadian stock exchanges, the New York Stock Exchange, and alternative trading systems in Canada and the United States. Subject to regulatory approval, purchases may also occur through private agreements or share repurchase programs under issuer bid exemption orders. All repurchased shares will be cancelled.

As of April 30, 2026, BlackBerry had 586,061,407 common shares outstanding with a public float of 584,830,432 shares. Daily purchases through the TSX will be limited to 563,825 shares, except for block purchases. The average daily trading volume on the TSX for the six months ending April 30, 2026, was 2,255,303 shares.

Under its existing buyback program that expires May 11, 2026, BlackBerry repurchased 18,136,158 shares at a weighted average price of $3.85 per share through various trading facilities.

The new program will commence May 12, 2026, and terminate on May 11, 2027, when BlackBerry determines to end it, or when the maximum number of shares has been purchased. Purchase prices will be determined by market prices at the time of acquisition.

BlackBerry stated it expects to generate positive operating cash flow during fiscal 2027 and believes its share price may not fully reflect the underlying value of its business at times.

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