Blackberry 2003 Annual Report Download - page 40

Download and view the complete annual report

Please find page 40 of the 2003 Blackberry annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 56

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56

38
Research฀In฀Motion฀Limited฀฀|฀฀Incorporated฀Under฀the฀Laws฀of฀Ontario฀(United฀States฀dollars,฀in฀thousands฀except฀per฀share฀data฀or฀as฀otherwise฀indicated)
39
For฀the฀years฀ended฀March฀1,฀2003,฀March฀2,฀2002฀and฀February฀28,฀2001
10.฀Capital฀Stock
(a)฀Share฀capital฀–฀The฀Company฀is฀authorized฀to฀issue฀an฀unlimited฀number฀of฀non-voting,฀
redeemable,฀retractable฀Class฀A฀common฀shares,฀an฀unlimited฀number฀of฀voting฀common฀shares฀
and฀an฀unlimited฀number฀of฀non-voting,฀cumulative,฀redeemable,฀retractable฀preferred฀shares.฀There฀
are฀no฀Class฀A฀common฀shares฀or฀preferred฀shares฀outstanding.฀
The฀following฀details฀the฀changes฀in฀issued฀and฀outstanding฀common฀shares฀and฀common฀share฀
purchase฀warrants฀for฀the฀three฀years฀ended฀March฀1,฀2003:
฀ ฀ Number฀of฀Common฀Shares฀Outstanding฀(000’s)
฀ ฀ ฀฀ ฀ ฀ Common฀share฀฀
฀ ฀฀ ฀ Common฀shares฀฀ ฀purchase฀warrants฀฀ Total฀
Balance฀as฀at฀February฀29,฀2000฀ ฀ 71,136฀฀ ฀ 214฀฀ ฀ 71,350฀
Public฀offering฀ ฀ 6,000฀฀ ฀ –฀฀ ฀฀ 6,000฀
Exercise฀of฀options฀ ฀฀ 1,000฀฀ ฀ ฀–฀฀ ฀฀ 1,000฀
Exercise฀of฀warrants฀ ฀฀ ฀ 135฀฀ ฀฀ (139)฀ ฀฀ (4)
Balance฀as฀at฀February฀28,฀2001฀ ฀฀ 78,271฀฀ ฀฀ 75฀฀ ฀ ฀78,346฀
Exercise฀of฀options฀ ฀฀ 503฀฀ ฀฀ –฀฀ ฀฀ 503฀
Common฀shares฀issued฀on฀acquisition฀of฀subsidiary฀ ฀฀ 387฀฀ ฀ ฀–฀฀ ฀฀ 387฀
Common฀shares฀repurchased฀pursuant฀
฀ to฀Common฀Share฀Purchase฀Program฀ ฀฀ (370)฀ ฀฀ –฀฀ ฀฀ (370)
Balance฀as฀at฀March฀2,฀2002฀ ฀฀ 78,791฀฀ ฀ ฀75฀฀ ฀฀ 78,866฀
Exercise฀of฀options฀ ฀฀ 320฀฀ ฀ ฀–฀฀ ฀฀ 320฀
Common฀shares฀repurchased฀pursuant฀
฀ to฀Common฀Share฀Purchase฀Program฀ ฀฀ (1,939)฀ ฀฀ –฀฀ ฀฀ (1,939)
Balance฀as฀at฀March฀1,฀2003฀ ฀฀ 77,172฀฀ ฀฀ 75฀฀ ฀฀ 77,247฀
฀
฀ ฀฀ Share฀Capital฀
฀ ฀ ฀ ฀ ฀ Common฀share฀฀
฀ ฀฀ ฀ Common฀shares฀฀ ฀purchase฀warrants฀฀ Total
Balance฀as฀at฀February฀29,฀2000฀ $฀ 292,891฀฀ ฀$฀ 370฀฀ ฀$฀ 293,261฀
Public฀offering฀ ฀฀ 610,664฀฀ ฀฀ –฀฀ ฀฀ 610,664฀
Exercise฀of฀options฀ ฀ 4,887฀฀ ฀฀ –฀฀ ฀฀ 4,887฀
Financing฀costs฀ ฀฀ ฀ (30,462)฀ ฀฀ –฀฀ ฀฀ (30,462)
Income฀tax฀reduction฀resulting฀from฀nancing฀costs฀ ฀฀ 12,664฀฀ ฀฀ –฀฀ ฀฀ 12,664฀
Balance฀as฀at฀February฀28,฀2001฀ ฀฀ 890,644฀฀ ฀฀ 370฀฀ ฀฀ 891,014฀
Exercise฀of฀options฀ ฀฀ 1,491฀฀ ฀฀ –฀฀ ฀฀ 1,491฀
Common฀shares฀issued฀on฀acquisition฀of฀subsidiary฀ ฀฀ 6,325฀฀ ฀฀ –฀฀ ฀฀ 6,325฀
Common฀shares฀repurchased฀pursuant฀
฀ to฀Common฀Share฀Purchase฀Program฀ ฀฀ (4,080)฀ ฀ –฀฀ ฀฀ (4,080)
Balance฀as฀at฀March฀2,฀2002฀ ฀฀ 894,380฀฀ ฀฀ 370฀฀ ฀฀ 894,750฀
Exercise฀of฀options฀ ฀฀ 1,155฀฀ ฀฀ –฀฀ ฀฀ 1,155฀
Common฀shares฀repurchased฀pursuant฀
฀ to฀Common฀Share฀Purchase฀Program฀ ฀฀ (21,528)฀ ฀ –฀ ฀฀ (21,528)
Balance฀as฀at฀March฀1,฀2003฀ ฀$฀ 874,007฀฀ ฀$฀ 370฀฀ ฀$฀ 874,377฀
On฀October฀3,฀2002,฀the฀Company’s฀Board฀of฀Directors฀approved฀the฀purchase฀by฀RIM฀of฀up฀to฀as฀
many฀as฀3.8฀million฀common฀shares,฀which฀approximated฀5%฀of฀the฀common฀shares฀outstanding฀at฀
that฀date,฀over฀the฀next฀12฀months฀from฀time฀to฀time฀on฀the฀NASDAQ฀National฀Market.฀All฀common฀
shares฀purchased฀by฀RIM฀will฀be฀cancelled.฀As฀of฀March฀1,฀2003,฀no฀shares฀have฀been฀re-purchased฀
under฀this฀Common฀Share฀Purchase฀Program.