Truecaller B Shares Bought Back: Highlights from Week 37

Truecaller’s Share Buyback Program
Truecaller AB has recently implemented an impressive share buyback program that showcases its commitment to enhancing shareholder value. Between early September, the company successfully repurchased a total of 140,000 of its B shares, which accounts for approximately 0.04% of the outstanding capital. This initiative highlights the confidence the board of directors has in the company’s future and financial health.
Buybacks Overview
The repurchase activities from September 1 to September 5 were part of a broader strategy announced earlier, starting from May 30. The ongoing buyback program is set to continue until the company's Annual General Meeting (AGM) in 2026. By giving its board the authorization to execute such buybacks, Truecaller ensures that the total number of shares held does not exceed ten percent of its total shares outstanding.
Weekly Purchases and Impact
As the week of September 8 unfolded, Truecaller reported several buybacks with various daily transactions. During week 37, the company recorded significant daily volumes of shares purchased, reflecting a total amassed during this period of 140,000 shares. The average price per share during the week was 44.28 SEK, leading to a total transaction value of 7,615,762 SEK, which effectively showcases the market's reaction to Truecaller’s performance.
Details of Weekly Transactions
The following days presented interesting developments in the share buybacks:
- September 8: 20,000 shares at an average price of 44.36 SEK.
- September 9: 20,000 shares at an average price of 44.11 SEK.
- September 10: 20,000 shares at an average price of 44.70 SEK.
- September 11: 50,000 shares at an average price of 44.31 SEK.
- September 12: 30,000 shares at an average price of 44.01 SEK.
Total Accumulated Shares
Truecaller’s activities indicate a strategic accumulation over the buyback program's entire course. As of recent records, the company had successfully repurchased 1,667,500 shares, representing 0.47% of its outstanding capital so far. These calculated actions contribute significantly to the company’s overall shareholding position.
Company’s Current Share Status
From the most recent updates, Truecaller currently holds 5,612,832 B shares and 5,013,786 C shares as of mid-September. This holding now corresponds to 3.00% of the total outstanding capital, enhancing shareholder value and indicating strong market resilience.
About Truecaller
Truecaller (TRUE B) is globally recognized as the leading platform for verifying contacts and minimizing unwanted communications. With an impressive user base exceeding 450 million active users, they strive to empower safe and impactful conversations. This mission becomes especially vital in today's digital landscape as unwanted communication and fraud remain prevalent, particularly in emerging markets.
Truecaller was listed on Nasdaq Stockholm and has effectively gained traction since October 2021. With an ongoing commitment to enhancing user experience, the company is on the path to reinforcing trust in communication.
Frequently Asked Questions
What is the purpose of Truecaller's share buybacks?
The share buybacks aim to enhance shareholder value and reflect the board's confidence in the company's long-term prospects.
How many shares has Truecaller repurchased to date?
Truecaller has repurchased a total of 1,667,500 shares as part of its ongoing buyback program.
What impact do buybacks have on share price?
Buybacks can potentially raise the share price by reducing the number of shares available in the market, thus increasing demand.
What is the significance of the Average Daily Transaction Value?
The Average Daily Transaction Value provides insights into the fiscal health and market confidence in Truecaller, showcasing robust activity during the buyback program.
How does Truecaller contribute to communication safety?
Truecaller provides users with tools to verify contacts and block unwanted communications, enhancing trust and security in digital interactions.
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