Truecaller B Shares Buyback Program Overview
Recently, Truecaller AB has made significant strides in its share buyback program. From September 15 to September 19, the company successfully repurchased a total of 130,000 of its own B shares. This repurchase represents approximately 0.04% of Truecaller’s outstanding capital. As part of the ongoing initiative to enhance shareholder value, the board of directors has actively engaged in this buyback strategy.
Details of the Recent Share Repurchase
The repurchase of shares is an essential part of Truecaller’s ongoing commitment to its investors. Since the launch of this buyback program on May 30, the company has repurchased a total of 1,797,500 shares, accounting for about 0.51% of the company’s total outstanding capital. The Board received authorization at the Annual General Meeting 2025 to continue buying back B-shares until the next Annual General Meeting in 2026, allowing the company's shareholding not to exceed 10% of the total number of outstanding shares.
Buyback Progress for Week 38
During the week in question, Truecaller reported the following activity: On September 15, 30,000 shares were bought back at a weighted average price of 43.47 SEK, totaled at 1,304,021 SEK. The trend continued over the next days with similar patterns observed in the buyback activities, showcasing a consistent strategy aimed at reinforcing shareholder commitment.
Impact of the Buyback Program
The buyback initiative illustrates Truecaller’s dedication not only to increasing share value but also to maintaining a healthy growth strategy. By September 12, the company held a total of 5,742,832 B shares and 5,013,786 C shares. This totals to around 3.04% of the outstanding capital. With 353,750,053 shares now including their own holdings and 342,993,435 shares outstanding, Truecaller is positioned for future growth.
Future Outlook
Looking forward, Truecaller’s buyback program is designed to project shareholder confidence while strategically managing its capital structure. With the upcoming Annual General Meeting, strategizing on further repurchases will be critical for aligning with long-term business goals.
Contact Information
For further inquiries or details regarding the buyback program, companies can reach out to Andreas Frid, the Head of Investor Relations and Communication. Direct contact can be made via phone at +46 705 29 08 00.
About Truecaller
Truecaller (TRUE B) has established itself as a dominant platform for verifying contacts and blocking unwanted communications worldwide. With over 450 million active users, the company is on a mission to foster trust in communications, countering the rampant fraud and unsolicited outreach prevalent in digital spaces, especially in emerging markets. As a publicly listed entity on Nasdaq Stockholm since October 8, 2021, Truecaller continues to be a vital part of everyday communication for people globally.
Frequently Asked Questions
What was the total number of shares repurchased by Truecaller?
Truecaller repurchased a total of 130,000 B shares during the specified week.
How much of Truecaller's outstanding capital did the recent buybacks represent?
The recent buybacks accounted for approximately 0.04% of Truecaller's outstanding capital.
Who should be contacted for more information on Truecaller’s buyback program?
Andreas Frid, the Head of IR & Communication, can be contacted for more information.
When did the current buyback program begin?
The current buyback program was initiated on May 30, leading up to its annual meeting in 2026.
How many shares does Truecaller currently hold?
As of September 12, Truecaller holds 5,742,832 B shares and 5,013,786 C shares.
