UPDATE 1-RIM buys 2 mln shares, completes $1.2 bln buyback

* 2 mln shares equals 0.36 pct of outstanding shares

* Deal completes $1.2 bln buyback plan announced in 2009
(Adds detail)

OTTAWA, April 14 (BestGrowthStock) – Research In Motion (RIM.TO: )
(RIMM.O: ) said on Wednesday that it has agreed to repurchase 2
million of its outstanding common shares for cancellation under
private agreements with a a non-related, third-party financial
institution.

The BlackBerry smartphone maker said the shares represented
about 0.36 percent of its outstanding common shares at April 5.
Financial details were not disclosed.

The purchase, combined with the 3.9 million shares that RIM
repurchased through the Nasdaq since the start of April,
largely completes a $1.2 billion share buyback plan announced
Nov. 5 2009.

Waterloo, Ontario-based RIM said in 2009 that it would
repurchase up to 21 million shares, or 3.6 percent of its
outstanding common shares on Nasdaq.

RIM shares were up nearly 1 percent on Nasdaq at $73.26 and
0.5 percent higher at C$72.91 on the Toronto Stock Exchange on
Wednesday.

Investment Analysis

($1=$1 Canadian)
(Reporting by Susan Taylor)

UPDATE 1-RIM buys 2 mln shares, completes $1.2 bln buyback