BlackBerry has received acceptance from the Toronto Stock Exchange to renew its normal course issuer bid share buyback program.
The renewed program allows the company to repurchase up to 26,785,714 common shares, representing approximately 4.58% of the outstanding public float as of April 30, 2026.
Purchases can be made through the TSX, other Canadian stock exchanges, the New York Stock Exchange, and alternative trading systems in Canada and the United States.
As of April 30, 2026, BlackBerry had 586,061,407 common shares outstanding with a public float of 584,830,432 common shares. Daily purchases through the TSX will be limited to 563,825 common shares, other than block purchases.
Under the existing buyback program that commenced on May 12, 2025, BlackBerry repurchased 18,136,158 common shares at a weighted average purchase price of $3.85 per share through April 30, 2026. That program was approved for up to 27,855,153 common shares and expires on May 11, 2026.
The new program will commence on May 12, 2026, and will terminate on May 11, 2027, or when BlackBerry determines to end it, or when the maximum number of shares has been purchased.
The buyback program provides flexibility to purchase shares when market price may not fully reflect underlying business value and will help offset dilution from its equity incentive plan.
The actual number and timing of share purchases will be determined by BlackBerry, subject to exchange limits and applicable securities laws.
