Truecaller Enhances Shareholder Value Through Buybacks
Truecaller AB (publ), a leading global platform for verifying contacts and blocking unwanted communication, recently announced noteworthy developments in their share buyback program. The company has repurchased a total of 105,000 own B shares between 9 June 2025 and 13 June 2025. This corresponds to approximately 0.03% of their outstanding capital. The strategic buyback is part of a larger initiative initiated by the board to boost shareholder value and achieve a more favorable capital structure.
Since commencing this buyback program on 30 May 2025, Truecaller has successfully bought back 255,000 shares, totaling around 0.07% of their outstanding capital. This initiative demonstrates the company’s commitment to enhancing shareholder confidence and optimizing its share structure in the marketplace.
Details of Recent Share Buybacks
Truecaller’s latest repurchase operations are significant as they reflect the company’s ongoing strategy of investing in its own shares. The buyback program is designed to continue until the Annual General Meeting in 2026, scheduled for May. The program is being conducted according to the regulations set forth in "Emittentregelverket", which governs companies' conduct concerning share transactions.
At the recent Annual General Meeting, Truecaller’s board received authorization to buy back B-shares until the next AGM. This new authorization allows the company to ensure its shareholding does not exceed ten percent of the outstanding capital at any given time.
Buyback Transaction Insights
In more detailed terms, the transactions that occurred during this significant week included:
- Date: 10 June 2025 – Aggregated volume: 75,000 shares at a weighted average share price of SEK 66.45.
- Date: 11 June 2025 – Aggregated volume: 30,000 shares at a weighted average share price of SEK 65.67.
- Total Accumulated for Week 24: 105,000 shares with an average share price of SEK 66.23, and a total transaction value of SEK 6,953,945.
- Total Accumulated During Buyback Program: 255,000 shares at an average share price of SEK 65.74, with an overall transaction value of SEK 16,763,784.
All of these transactions have been executed seamlessly on Nasdaq Stockholm by Carnegie, acting on behalf of Truecaller.
Current Shareholding Status
As a result of these recent transactions, Truecaller now holds 4,205,332 B shares and 5,017,786 C-shares. This collective ownership represents 2.61% of the outstanding capital, which positions Truecaller strategically within the market.
Overall, the total number of shares in Truecaller, when including their own shares, has risen to 353,079,080. Meanwhile, the number of outstanding shares, excluding the company’s own shares, stands at 343,860,962. This showcases Truecaller's robust approach to managing its capital while reducing the float of shares available in the market.
About Truecaller
Truecaller (TRUE B) is widely recognized as the leading global platform focused on verifying contacts and blocking unwanted communication. The mission of Truecaller is to foster trust in communication, especially in the digital economy where fraudulent activities and undesired messages are increasingly prevalent. With over 450 million active users globally, Truecaller is a vital tool for everyday interactions.
Truecaller became a publicly traded company on Nasdaq Stockholm on 8 October 2021. For inquiries or more detailed information about Truecaller’s services and initiatives, interested parties can reach out through their dedicated communication channels.
Frequently Asked Questions
What is the purpose of Truecaller’s share buyback program?
The share buyback program aims to enhance shareholder value by repurchasing shares from the market, thereby optimizing the company’s capital structure and reducing outstanding shares.
How many shares did Truecaller repurchase recently?
Recently, Truecaller repurchased a total of 105,000 own B shares during the specified week, contributing to a total of 255,000 shares bought back since the inception of the program.
When will Truecaller’s share buyback program end?
The program is set to continue until the Annual General Meeting in 2026, providing the company with flexibility in managing its shares effectively.
Who manages Truecaller’s share transactions?
All share transactions are carried out on Nasdaq Stockholm by Carnegie, who acts on behalf of Truecaller during these buyback operations.
How does the share buyback impact Truecaller’s shareholders?
The buyback program is aimed at increasing the value per share and enhancing overall shareholder returns, making the shares more valuable in the marketplace.
