BuybackMay 8, 2026, 08:12 AM
BlackBerry Renews Share Buyback for 26.8M Shares (4.58% Float)
AI Summary
BlackBerry Limited announced the renewal of its normal course issuer bid (NCIB) to repurchase up to 26,785,714 common shares, representing approximately 4.58% of its public float. The program will commence on May 12, 2026, and conclude by May 11, 2027. The company believes the buyback is an appropriate use of funds, reflecting its strengthened balance sheet and expected positive operating cash flow, and will help offset dilution from its equity incentive plan.
Key Highlights
- BlackBerry renewed its normal course issuer bid (NCIB) for common shares.
- Authorized to repurchase up to 26,785,714 common shares for cancellation.
- Represents approximately 4.58% of the outstanding public float as of April 30, 2026.
- The program will commence on May 12, 2026, and expire no later than May 11, 2027.
- Daily TSX purchases will be limited to 563,825 common shares, excluding block purchases.
- Previous buyback repurchased 18,136,158 shares at a weighted average price of $3.85.
- Aims to offset dilution from equity incentive plans and provide an attractive return on capital.