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BlackBerry Announces Common Share Purchase Program

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BlackBerry Announces Common Share Purchase Program

Now authorized by way of the Board of Directors, BlackBerry has introduced their plans on buying as much as 12 million BlackBerry not unusual stocks. The plan will begin on June 29, 2015 and can end on June 28, 2016. Read the whole press unlock beneath: BlackBerry Announces Common Share Purchase Program WATERLOO, ONTARIO–(Marketwired – June 25, 2015) – BlackBerry Limited (NASDAQ:BBRY)(TSX:BB), an international chief in cellular communications, lately supplied an update on its deliberate percentage repurchase software to buy for cancellation as much as 12 million BlackBerry not unusual stocks, or roughly 2.5% of the phenomenal public go with the flow. BlackBerry can buy the average stocks over the Nasdaq Stock Market or, topic to regulatory approval, at the Toronto Stock Exchange (the “TSX”) or choice Canadian buying and selling systems. As of June 22, 2015, BlackBerry had 529,487,374 not unusual stocks remarkable, the general public go with the flow used to be 464,726,304 not unusual stocks and the typical day by day buying and selling quantity for the 6 months previous to May 31, 2015 used to be 2,314,477. BlackBerry has filed a realize of purpose to begin a regular direction provider bid with the TSX. Daily purchases will probably be restricted to 578,619 not unusual stocks, rather than block purchases. The purchases would possibly begin on June 29, 2015 and can terminate on June 28, 2016 or on such in advance date as BlackBerry would possibly whole its purchases pursuant to the awareness of purpose. In the earlier 12 months, BlackBerry has now not repurchased any of its remarkable securities. On June 23, 2015, the shareholders of BlackBerry authorized a brand new worker percentage acquire plan and an building up within the choice of stocks to be had underneath BlackBerry’s fairness incentive plan. “As we’ve in the past indicated, the aim of this repurchase software is to offset dilution from our new worker percentage acquire plan and amended fairness incentive plan,” stated BlackBerry Executive Chairman and CEO, John Chen. “We intend to take merit ...

Bilaal Saghir - BlackBerry Announces Common Share Purchase Program - BlackBerry Empire

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