Truecaller’s Strategic Share Repurchase Gains Momentum
Truecaller’s Continued Commitment to Shareholder Value
In a recent move to enhance shareholder confidence, Truecaller AB has actively engaged in a share buyback program. From July 21 to July 25, a total of 145,000 B shares were repurchased, representing 0.04% of the company's outstanding capital. This initiative is part of a broader strategy aimed at stabilizing the company's financial structure and increasing shareholder value.
Overview of Share Buyback Program
The buyback program initiated by Truecaller is designed to run until the Annual General Meeting (AGM) in 2026, following the authorization from the Board during the 2025 AGM. This program allows Truecaller to repurchase shares while ensuring that the overall shareholding does not exceed 10% of the total outstanding shares. This strategy reflects the company's commitment to maintaining an optimal capital structure while focusing on its long-term growth prospects.
Performance of Share Buybacks
During the recent week, Truecaller saw significant activity with the shares exchanged on Nasdaq Stockholm, executed by Carnegie on behalf of the company. These transactions involved not just 145,000 B shares, but also brought the total accumulated buybacks since the program's inception to 400,000 shares. This steady progress demonstrates Truecaller’s dedication to returning capital to shareholders amidst market fluctuations.
Detailed Overview of Share Transactions
The transactions carried out included:
- 22 July 2025: 35,000 shares purchased at a weighted average price of SEK 53.90.
- 23 July 2025: 30,000 shares purchased at a weighted average price of SEK 53.99.
- 24 July 2025: 30,000 shares purchased at a weighted average price of SEK 53.34.
- 25 July 2025: 50,000 shares purchased at a weighted average price of SEK 52.12.
Current Shareholding Status
As of July 25, 2025, Truecaller’s total holding of its B shares amounts to 4,345,332, alongside 5,013,786 C-shares. This represents approximately 2.65% of the total outstanding capital. The company's proactive stance in managing its share repurchases not only reinforces its dedication to its investors but also indicates a stable growth strategy moving forward.
Final Thoughts and Future Outlook
Truecaller continues to enhance its market position by judiciously managing its capital through strategic share repurchases. As the company navigates through evolving market conditions and challenges, its robust approach towards maintaining shareholder value is commendable. Shareholders and potential investors can look forward to the updates from Truecaller in the coming months as they continue this initiative.
Frequently Asked Questions
What is the purpose of Truecaller's share buyback program?
The program aims to enhance shareholder value and stabilize the company’s capital structure.
How many shares has Truecaller repurchased so far?
As of now, Truecaller has repurchased a total of 400,000 shares since the initiation of the program.
What percentage of the total shares does Truecaller hold?
Truecaller holds 2.65% of its total outstanding shares after the recent repurchases.
Why was the share buyback program authorized?
The buyback was authorized to ensure the company's shareholding does not exceed 10% of the outstanding total shares.
How does Truecaller execute its share transactions?
The transactions are executed on Nasdaq Stockholm by Carnegie on behalf of Truecaller.
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