BlackBerry Launches Share Buyback Program to Enhance Shareholder Value

BlackBerry Limited recently made an announcement regarding its Normal Course Issuer Bid (NCIB) share buyback program, which has been accepted by the Toronto Stock Exchange (TSX). The program allows BlackBerry to repurchase up to 27,855,153 of its common shares, representing approximately 4.7% of the outstanding public float as of May 5, 2025. This move signifies the company’s strategic approach to capital allocation and enhancing shareholder value.

Under the NCIB, BlackBerry has the flexibility to buy back its common shares through various platforms, including the TSX, other Canadian stock exchanges, the New York Stock Exchange (NYSE), and alternative trading systems in Canada and the United States. Additionally, BlackBerry may conduct purchases through private agreements or share repurchase programs, subject to regulatory approval. The company aims to cancel any common shares acquired through the NCIB.

As of May 5, 2025, BlackBerry had 597,096,623 common shares outstanding, with a public float of 596,180,623 common shares. The NCIB is set to commence on May 12, 2025, and will continue until May 11, 2026, or until the maximum number of common shares allowed for repurchase has been reached. The purchase price of the shares will be based on market value at the time of acquisition.

BlackBerry’s decision to initiate the NCIB aligns with its commitment to fortify its financial position in fiscal 2025 and generate positive operating cash flow in fiscal 2026. The company believes that the market value of its shares may not always reflect its true worth and future prospects accurately. By repurchasing its common shares, BlackBerry aims to utilize excess cash effectively and counterbalance dilution from equity incentive plans.

Having the NCIB in place provides BlackBerry with the flexibility to execute share repurchases in accordance with its investment and capital allocation strategies. The company affirms that cash allocation towards share buybacks will not impede its long-term goals. The actual number of shares repurchased and the timing of transactions will be at BlackBerry’s discretion, adhering to regulatory constraints.

BlackBerry, headquartered in Waterloo, Ontario, specializes in providing intelligent software and services to enterprises and governments globally. Its robust software solutions empower major automakers and industrial entities to drive innovation, revenue growth, and business transformation while prioritizing safety, security, and reliability. The company’s deep expertise in Secure Communications ensures operational resilience through a secure and certified mobile fortification portfolio.

Forward-looking statements in BlackBerry’s press release are made in compliance with U.S. and Canadian securities laws, highlighting the company’s expectations and estimates for future developments. BlackBerry remains committed to enhancing shareholder value and operational performance while navigating market dynamics and regulatory requirements.

For more information, visit BlackBerry’s official website and follow them on social media platforms for updates. The NCIB reflects BlackBerry’s strategic approach to capital management and underscores its commitment to maximizing shareholder value through prudent financial decisions.