BlackBerry has received acceptance from the Toronto Stock Exchange (the “TSX”) for a normal course issuer bid (“NCIB”) share buy back program.
BlackBerry has the go-ahead to buy back up to roughly 4.7% of the outstanding public float of its shares over a one-year period.
The Toronto Stock Exchange accepted its plans for a normal course issuer bid for up to about 27.9 million of its shares.
As of the close of business on May 5, 2025, BlackBerry had 597,096,623 common shares outstanding and the public float was 596,180,623 common shares.
The average daily trading volume on the TSX for the 6 months ending on April 30, 2025 was 2,884,777 common shares. Daily purchases through the TSX will be limited to 721,194 common shares, other than block purchases.
In the past 12 months, BlackBerry has not repurchased any of its outstanding securities.
Under the program it can buy stock through the Toronto or New York exchanges or alternative trading systems in Canada or the U.S. The program is set to run for 12 months through May 11, 2026.
The purchase price of any common shares purchased by BlackBerry under the NCIB will be the market price at the time of acquisition.
The purchase price of any common shares purchased by BlackBerry under issuer bid exemption orders issued by securities regulatory authorities will be determined through negotiations with arm’s length third parties and is expected to be at a discount to or around the market price.
