BlackBerry Renews Share Buyback Program

BlackBerry Limited announced the renewal of its normal course issuer bid (NCIB) share buyback program, receiving the Toronto Stock Exchange's approval. This renewed program enables the repurchase of up to 26.78 million common shares, equivalent to approximately 4.58% of the public float as of April 30, 2026.

The NCIB allows BlackBerry to buy shares through the TSX, other Canadian exchanges, the NYSE, and various trading systems. Purchases might also occur privately or under exemption orders. Shares bought will be cancelled, helping offset dilution effects from the company's equity incentive plan.

As of April 30, BlackBerry had over 586 million shares outstanding, with an average daily trading volume of around 2.25 million shares on the TSX over the last six months. The NCIB will start May 12, 2026, and may run until May 11, 2027, depending on BlackBerry's discretion or its share purchase completion.