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BlackBerry announces 12m common share buyback plan

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BlackBerry announces 12m common share buyback plan

BlackBerry has introduced the authorization of 12 million stocks buyback software in BBRY/BB (TSX). 12 million stocks equates to only underneath 3% of the corporate’s present inventory worth, worth round $123 million. “The function of this repurchase software shall be to offset dilution that can outcome from our proposed worker share acquire plan and from proposed amendments to our fairness incentive plan,” stated BlackBerry Executive Chairman and CEO, John Chen. “We intend to make the most of our robust money place to buy our stocks while the marketplace worth does now not mirror what we view to be the underlying worth and long run possibilities of our industry, with out adversely affecting our strategic projects,” brought Mr. Chen. Source: CNN Money

Bilaal Saghir - BlackBerry announces 12m common share buyback plan - BlackBerry Empire

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