Truecaller Announces Recent Share Repurchases and Updates

Truecaller Enhances Shareholder Value Through Buybacks

Truecaller AB has embarked on an exciting journey to strengthen its share value through an ongoing share buyback program. This initiative aims to enhance shareholder trust by proactively investing in its own shares. Recently, the company made significant repurchases of B shares as part of this program.

Overview of Recent Share Repurchases

Between the notable dates in August, Truecaller actively repurchased a total of 230,000 B shares, which accounts for 0.07% of the outstanding capital. This is a key milestone in their share buyback strategy announced earlier in the year. The cumulative total of repurchased shares since the start of the program has reached an impressive 1,155,000 shares, equating to 0.33% of the company’s capital.

Buyback Program Details

The buyback program, initially revealed on May 30, is scheduled to continue until the upcoming Annual General Meeting (AGM) in 2026. This strategic move is in line with regulatory guidelines known as "Emittentregelverket." The Board of Directors has received authorization to repurchase additional shares until the 2026 AGM, allowing Truecaller to accumulate shares without surpassing 10% of the total number of shares in circulation.

Transaction Details

The breakdown of recent transactions highlights the rapid activity surrounding Truecaller’s buyback efforts. Here’s a summary of the daily repurchase activity:

• Date: 18 August - Shares Bought: 50,000, Average Price: SEK 47.17, Total Value: SEK 2,358,735
• Date: 19 August - Shares Bought: 30,000, Average Price: SEK 47.94, Total Value: SEK 1,438,274
• Date: 20 August - Shares Bought: 60,000, Average Price: SEK 46.47, Total Value: SEK 2,788,444
• Date: 21 August - Shares Bought: 30,000, Average Price: SEK 46.49, Total Value: SEK 1,394,836
• Date: 22 August - Shares Bought: 60,000, Average Price: SEK 46.40, Total Value: SEK 2,784,050

The aggregated total for week 34 amounts to 230,000 shares bought back, with a weighted average share price of SEK 46.80 and a total transaction value of SEK 10,764,340.

Truecaller’s Shareholding Structure

As a result of the ongoing buyback initiatives, Truecaller now holds a total of 5,100,332 B shares alongside 5,013,786 C shares. This translates to approximately 2.86% of the total outstanding capital. The entire share count, including both authorized and repurchased shares, now amounts to 353,750,053, while the number of outstanding shares, excluding those held by the company, is 343,635,935.

Future Outlook

Looking ahead, Truecaller remains committed to fostering a robust communication platform, ensuring that their initiatives not only benefit shareholders but enhance user experience. With over 450 million active users, Truecaller positions itself as a leader in the realm of secure communication, and these share buybacks affirm their dedication to increasing shareholder value.

For inquiries regarding these activities, prospective contacts include Andreas Frid, Head of IR & Communication, reachable at +46 705 29 08 00.

Frequently Asked Questions

What is the purpose of Truecaller's share buyback program?

The purpose is to increase shareholder value and demonstrate confidence in the company's future prospects.

How many shares have been repurchased so far?

As of the latest update, Truecaller has repurchased a total of 1,155,000 shares since the program's inception.

What percentage of the shares does Truecaller currently hold?

Truecaller currently holds approximately 2.86% of its total outstanding capital in repurchased shares.

Who can I contact for more information about the share buyback?

For more information, you can reach Andreas Frid, Head of IR & Communication.

When is Truecaller's next Annual General Meeting?

The next Annual General Meeting is scheduled to take place in May 2026.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

Contact Logan Wright privately here. Or send an email with ATTN: Logan Wright as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.