Blackberry 2012 Annual Report Download - page 199

Research In Motion Limited
Management’s Discussion and Analysis of Financial Condition and Results of Operations
Common Shares Outstanding
On April 4, 2012, there were 524 million voting common shares, options to purchase 4 million voting common shares, 8 million
restricted share units and 0.1 million deferred share units outstanding.
The Company has not paid any cash dividends during the last three fiscal years.
Share Repurchase Program
On June 16, 2011, the Company’s Board of Directors approved a share repurchase program to commence any time after July 10, 2011
to purchase for cancellation through the facilities of the NASDAQ Stock Market or, subject to regulatory approval, by way of private
agreement up to 5% of RIM’s outstanding common shares (representing approximately 26 million common shares as of the date
hereof ) (the “2012 Repurchase Program”). The 2012 Repurchase Program will remain in place for up to 12 months or until the
purchases are completed or the program is terminated by RIM. No common shares have been repurchased under the 2012 Repurchase
Program to date.
The actual number of shares purchased, the timing of purchases, and the price at which the shares would be bought under the 2012
Repurchase Program will depend on future market conditions and upon potential alternative uses for cash resources. There is no
assurance that any shares will be purchased under the 2012 Repurchase Program and RIM may elect to suspend or discontinue the
program at any time. See “Cautionary Note Regarding Forward-Looking Statements”.
29