- As part of its 12M-share buyback program (first announced in May), BlackBerry (BBRY) has filed "a notice of intention to commence a normal course issuer bid" with the Toronto exchange to begin repurchasing shares.
- Daily purchases are limited to 578.6K shares, save for block purchases. They can start on June 29, and will terminate by June 28, 2016.
- BlackBerry notes it hasn't bought back any shares in the last 12 months. With 529.5M shares outstanding as of June 22, the total buyback is good for repurchasing 2.3% of shares. John Chen reiterates the buyback's goal is to "offset dilution from our new employee share purchase plan and amended equity incentive plan."
- BBRY +0.6% premarket to $8.88.
- Recent BlackBerry earnings coverage