Blackberry 2015 Annual Report Download - page 54

Table of Contents
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(f) guarantees or liens granted by such person in respect of Indebtedness of another person;
“Purchase Money Security Interest” means a lien created or incurred by the Company or one of its subsidiaries securing
Indebtedness incurred to finance the acquisition of property (including the cost of installation thereof), provided that (i) such
lien is created substantially simultaneously with the acquisition of such property, (ii) such lien does not at any time encumber
any property other than the property financed by such Indebtedness, (iii) the amount of Indebtedness secured thereby is not
increased subsequent to such acquisition, and (iv) the principal amount of Indebtedness secured by any such lien at no time
exceeds 100% of the original purchase price of such property and the cost of installation thereof, and for the purposes of this
definition the term “acquisition” includes a Capital Lease;
“Senior Creditor” means a holder or holders of Specified Senior Indebtedness and includes any representative or
representatives or trustee or trustees of any such holder or holders; and
“Specified Senior Indebtedness” means, without duplication, the Indebtedness under the Company’s asset-backed lending
facility (now terminated) and such other indebtedness as the Company shall designate as “Specified Senior Indebtedness” by
notice to the Trustee in writing; provided that the aggregate principal amount of Specified Senior Indebtedness shall not exceed
$550,000,000 at any one time outstanding; provided, further, that all Specified Senior Indebtedness must constitute:
(a) Indebtedness referred to in paragraphs (a) and (b) of the definition of Indebtedness above;
(b) renewals, extensions, restructurings, refinancings and refundings of any such Indebtedness; and
(c) guarantees of any of the foregoing.
MARKET FOR SECURITIES OF THE COMPANY
The Company’s common shares are listed and posted for trading on the TSX under the symbol “BB” and are listed on
NASDAQ under the symbol “BBRY”. The volume of trading and price ranges of the Company’s common shares on the TSX
and NASDAQ during the previous fiscal year are set out in the following table:
Common Shares – TSX Common Shares – NASDAQ
Month Price Range (CDN $) Average Daily Volume Price Range (US $) Average Daily Volume
March 2014 $8.67-$11.90 2,972,573 $7.87-$10.75 21,800,093
April 2014 $7.69-$9.29 1,806,950 $7.01-$8.44 11,650,036
May 2014 $7.78-$9.02 1,343,535 $7.16-$8.22 8,164,514
June 2014 $7.96-$10.94 2,563,712 $7.30-$10.26 18,857,628
July 2014 $9.50-$12.50 3,280,269 $8.71-$11.65 20,198,741
August 2014 $9.96-$11.25 1,535,876 $9.12-$10.38 7,442,506
September 2014 $10.73-$12.36 2,816,533 $9.66-$11.17 15,870,964
October 2014 $9.74-$12.10 2,427,044 $8.65-$10.88 11,624,866
November 2014 $11.31-$14.26 2,836,098 $10.03-$12.54 14,574,259
December 2014 $10.56-$12.85 2,799,387 $9.10-$11.09 12,120,813
January 2015 $11.14-$15.10 3,399,792 $9.32-$12.63 18,300,493
February 2015 $12.26-$13.70 1,963,562 $9.76-$10.95 7,812,475
In addition, the Debentures have been listed on the TSX since May 2014, under the symbol “BB.DB.U”. There is limited
trading in the Debentures. During 2014, an aggregate of CDN$55,540 principal amount of Debentures was traded on the TSX,
at prices ranging from CDN$113.02 to CDN$160.00.
DIRECTORS AND EXECUTIVE OFFICERS
As at the date hereof, the Company currently has a Board comprised of seven persons. Pursuant to a special resolution of
shareholders, the directors are authorized from time to time to increase the size of the Board and to fix the number of directors,
up to the maximum of 15 persons, as currently provided under the articles of the Company, without the prior consent of the
shareholders.
The Board has determined that each member of the Board except Mr. Chen is “independent” under the NASDAQ rules and
applicable securities law requirements.
At the Company's last annual and special meeting of shareholders held on June 19, 2014, Bert Nordberg did not stand for re-
election to the Board. On October 1, 2014, the Company appointed Mike Daniels, a former chairman and chief executive
officer of Mobile 365 and a leading expert in cyber security, to the Board.