BlackBerry announces renewal of NCIB share buyback program

BlackBerry (BB) has received acceptance from the Toronto Stock Exchange for the renewal of its normal course issuer bid share buyback program. The renewed program allows for the repurchase of up to 26,785,714 of its common shares, representing approximately 4.58% of the outstanding public float as of the close of business on April 30, 2026. Under the NCIB, BlackBerry can purchase its common shares through the TSX, other Canadian stock exchanges, the New York Stock Exchange, and/or alternative trading systems in Canada and the United States. Subject to regulatory approval, purchases of its common shares may also be made by BlackBerry by way of private agreements or share repurchase programs under issuer bid exemption orders issued by securities regulatory authorities. Any BlackBerry common shares purchased through the NCIB will be cancelled. As of the close of business on April 30, 2026, BlackBerry had 586,061,407 common shares outstanding and the public float was 584,830,432 common shares. The average daily trading volume on the TSX for the 6 months ending on April 30, 2026, was 2,255,303 common shares. Daily purchases through the TSX will be limited to 563,825 common shares, other than block purchases. As of the close of business on April 30, 2026, BlackBerry had repurchased 18,136,158 common shares at a weighted average purchase price of $3.85 per common share through the facilities of the TSX, NYSE and alternative trading systems pursuant to the existing share buyback program that commenced on May 12, 2025 and expires on May 11, 2026, under which BlackBerry sought and received approval from the TSX to purchase up to 27,855,153 common shares. The NCIB will commence on May 12, 2026, and will terminate on the earliest of: May 11, 2027, such date as BlackBerry may determine, and the date on which the maximum number of common shares that may be purchased under this NCIB has been reached by BlackBerry.