Paul Sakuma
Research In Motion Ltd. announced Wednesday a buyback of two million common shares through private agreements with a non-related third-party financial institution.
The buyback, representing 0.36 per cent of common shares outstanding, are in addition to the 3.9 million shares that RIM has purchased through the Nasdaq since the beginning of April.
The BlackBerry maker said the latest buybacks substantially complete the $1.2-billion (U.S.) share repurchase program it announced last November.
At the time, RIM said it planned to buy up to 21 million shares, or 3.6 per cent of those outstanding. At the time, RIM stock was trading at less than $60 (U.S.).