Research In Motion says Toronto Stock Exchange approves repurchase plan

RIM says Toronto Stock Exchange OKs buyback plan

NEW YORK — The Toronto Stock Exchange approved a plan by BlackBerry maker Research In Motion Ltd. to repurchase up to about 22.5 million shares, the company said Tuesday.

Canada-based RIM announced the buyback plan in June. The shares represent about 4.5 percent of the company’s public shares.

The company’s U.S.-traded shares closed up 69 cents at $54.48 on Monday and were unchanged in premarket trading Tuesday.