BlackBerry plans share buyback

Friday 22 May 2015 | 11:41 CET | News
BlackBerry has approved a share repurchase programme for up to 2.6 percent of its outstanding shares. The company wil buy up to 12 million shares on the open market. The shares acquired will be canceled in order to avoid any increase in the total number of shares outstanding from the company's award of shares to employees. The shareholders meeting 23 June will be asked to vote on a new employee share purchase plan and a proposed increase in the number of shares available under BlackBerry's equity incentive plan. BlackBerry CEO John Chen said the company also wants to take advantage of its

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Categories: Mobile & Wireless
Companies: BlackBerry
Countries: World
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