BlackBerry Forums Support Community - View Single Post - [2005-10-11] Research In Motion Announces a Common Share Repurchase Program

jibi · 10-12-2005, 02:03 PM

Research In Motion Announces a Common Share Repurchase Program

Waterloo, Canada - Research In Motion Limited (RIM) (NASDAQ: RIMM; TSX: RIM) today announced that RIM’sBoard of Directors approved the repurchase by RIM, from time to time, on the NASDAQ National Market, of up to an aggregate of 9,500,000 common shares over the next 12 months. This represents approximately 5% of RIM shares outstanding.

RIM currently has 191,113,317 issued and outstanding common shares. Purchases may commence on October 17, 2005.

The Board of Directors of RIM believes that the proposed purchases are in the best interests of the Company and its shareholders and are a desirable use of corporate funds. All common shares purchased by RIM will be cancelled.

10-12-2005, 02:03 PM	#1
jibi BlackBerry God Join Date: Oct 2004 Location: Jibi's Secret Place Model: 8900 OS: 4.6.1.174 Carrier: AT&T Posts: 11,310	[2005-10-11] Research In Motion Announces a Common Share Repurchase Program Please Login to Remove! Research In Motion Announces a Common Share Repurchase Program Waterloo, Canada - Research In Motion Limited (RIM) (NASDAQ: RIMM; TSX: RIM) today announced that RIM’sBoard of Directors approved the repurchase by RIM, from time to time, on the NASDAQ National Market, of up to an aggregate of 9,500,000 common shares over the next 12 months. This represents approximately 5% of RIM shares outstanding. RIM currently has 191,113,317 issued and outstanding common shares. Purchases may commence on October 17, 2005. The Board of Directors of RIM believes that the proposed purchases are in the best interests of the Company and its shareholders and are a desirable use of corporate funds. All common shares purchased by RIM will be cancelled. __________________ In the beginning the Universe was created. This has made a lot of people very angry and is widely regarded as a bad move.
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