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BlackBerry Announces Inducement Awards Pursuant to NYSE Rule 303A.08WATERLOO, Ontario, April 5, 2019 /CNW/ -- BlackBerry Limited (NYSE: BB; TSX: BB) announced that in connection with the acquisition of Cylance, the company's Board of Directors has approved a grant of performance-based restricted share unit awards (the "Inducement Awards") to Stuart McClure and Ryan Permeh covering up to 3,122,140 and 1,060,049 shares of common stock, respectively. The Inducement Awards are "employment inducement grants" under the New York Stock Exchange Listing Rule 303A.08. Up to 25%, 35% and 40% of the Inducement Awards are eligible for vesting at the end of BlackBerry's 2020, 2021 and 2022 fiscal years, respectively, if certain performance conditions are met. The company also notes that 75% of the awards eligible to vest in a given year are based on achievement of a billings goal and 25% are based on achievement of a contributio margin goal. About BlackBerry Trademarks, including but not limited to BLACKBERRY, EMBLEM Design and BLACKBERRY RADAR are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved. All other trademarks are the property of their respective owners. Media Contacts: Investor Contacts:
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