#Sweden #Truecaller #share buyback #Stockholm #Nasdaq Stockholm

Truecaller Board Moves Forward with Share Buyback Program

The Board of Directors of Truecaller has recently made a significant decision to resume its share buyback program, a move that signals a proactive approach to managing the company's capital structure and enhancing shareholder value. Adopted during the Annual General Meeting held on May 22, 2026, this resolution allows Truecaller to effectively buy back its B-shares with immediate effect starting June 15, 2026, and continuing until the 2027 Annual General Meeting.

Purpose of the Buyback Program

The primary goal of this buyback initiative is to provide the Board with the flexibility to adapt Truecaller’s capital structure as necessary. The company aims to increase shareholder value through this strategic repurchase, which serves multiple purposes:
1. Continuous Adaptation of Capital Structure: By managing its capital prudently, Truecaller enhances its ability to respond to changing market conditions and shareholder expectations.
2. Acquisition Financing: The company aims to leverage its own shares as a means to finance potential acquisitions, whether in full or partially, which can lead to growth opportunities.
3. Increased Shareholder Returns: Through the reduction in the total number of outstanding shares, existing shareholders can benefit from an increased share of ownership and potential value.

Terms and Conditions of the Buyback

The planned share repurchases will comply with several guidelines, emphasizing a structured approach to the buyback process:

• - Location of Repurchases: All share repurchases will occur on Nasdaq Stockholm, adhering to its Rulebook for Issuers of Shares.
• - Timing: The program is set to begin on June 15, 2026, and will conclude no later than the upcoming Annual General Meeting in 2027.
• - Pricing Mechanism: Repurchases will occur at a price determined by the market, specifically within the registered span of share prices at the time, which includes the intervals between the highest buying and lowest selling prices.
• - Volume Restrictions: As per the regulations in the Rulebook, the volume of shares repurchased will not exceed 10% of the total outstanding shares.
• - Payment Terms: The buyback will be executed solely in cash, providing straightforward and clear transactions.

As of now, Truecaller has a total of 337,515,795 shares, consisting of 46,783,800 A shares, 288,642,497 B shares, and 2,089,498 C shares. Notably, all C shares have been repurchased to meet the company's commitments in previously established incentive programs. Currently, Truecaller holds 7,850,000 B shares and 2,089,498 C shares in its treasury.

Moving Forward

The decision to resume the share buyback program highlights Truecaller’s commitment to optimizing its financial strategies and enhancing shareholder value. With over 500 million active users relying on its services for safe and trusted communication, Truecaller remains focused on building trust in digital communications, especially in emerging markets where concerns over fraud and unwanted communications are prevalent. Truecaller went public on Nasdaq Stockholm on October 8, 2021, and has been committed to creating a trustworthy environment for its users ever since.

As this share repurchase initiative unfolds, stakeholders will be keenly watching how effectively Truecaller navigates the evolving market landscape while simultaneously fostering a stronger relationship with shareholders.

For further inquiries, individuals can reach out to Andreas Frid, Head of IR Communication, at +46 705 29 08 00 or via email at [email protected].