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.
