BlackBerry Announces Common Share Purchase Program

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Go back to BlackBerry Announces Common Share Purchase Program

BlackBerry (BBRY) Updates on 12M Common Stock Buyback Program; New Employee Share Purchase Plan Approved

June 25, 2015 7:03 AM EDT

BlackBerry (NASDAQ: BBRY) provided an update on its planned share repurchase program to purchase for cancellation up to 12 million BlackBerry common shares, or approximately 2.5% of the outstanding public float. BlackBerry can purchase the common shares over the Nasdaq Stock Market or, subject to regulatory approval, on the Toronto Stock Exchange (the "TSX") or alternative Canadian trading platforms. As of June 22, 2015, BlackBerry had 529,487,374 common shares outstanding, the public float was 464,726,304 common shares and the average daily trading volume for the 6 months prior to May 31, 2015 was 2,314,477. BlackBerry has filed a notice of intention to... More