BlackBerry Limited (NYSE:BB) shares are flat during Friday’s premarket session.
Renews Share Buyback Program Through 2027
The company said Friday it received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the cybersecurity and software company to repurchase up to 26.8 million common shares over the next year.
The renewed buyback program represents about 4.58% of BlackBerry’s public float as of April 30, 2026. The company said repurchased shares will be canceled.
Buyback Details And Trading Limits
The NCIB program will begin on May 12, 2026, and expire on the earliest of May 11, 2027, completion of the authorized purchases, or a date determined by the company.
BlackBerry said it may purchase shares through the Toronto Stock Exchange, the New York Stock Exchange and alternative trading systems in Canada and the United States. Subject to regulatory approval, the company may also repurchase shares through private agreements or exempt issuer bid programs.
As of April 30, 2026, BlackBerry had 586.1 million common shares outstanding and a public float of 584.8 million shares. The average daily trading volume …
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