Truecaller Engages in B Share Buyback Program in September 2025
Truecaller AB (publ), a prominent player in the global communication sector, recently announced that it repurchased a total of
172,500 B shares between
September 1 and September 5, 2025. This strategic move is part of the company's ongoing share buyback program, which aims to enhance shareholder value and demonstrate confidence in its business trajectory.
This initiative was formally launched by the board on
May 30, 2025, and the buyback program is set to continue until the
2026 Annual General Meeting (AGM), scheduled for May of that year. As of now, Truecaller has successfully acquired
1,527,500 shares, which corresponds to
0.43% of the company’s outstanding capital. The implications of these repurchases extend past the immediate financial impact; they signify a long-term strategy aimed at solidifying investor trust in the company’s operations.
Transaction Details
During the week of September 1 to September 5, the details of the daily transactions are as follows:
- - September 1, 2025: 30,000 shares at an average price of SEK 44.09.
- - September 2, 2025: 22,500 shares at SEK 43.89.
- - September 3, 2025: 25,000 shares at SEK 43.94.
- - September 4, 2025: 45,000 shares at SEK 43.63.
- - September 5, 2025: 50,000 shares at SEK 44.87.
The total accumulated value of shares bought back during this week amounts to
SEK 7,615,762, translating to an average share price of
SEK 44.15. This robust trading activity underlines Truecaller’s commitment to using its financial resources in ways that benefit shareholders directly.
Strategic Purpose of Buybacks
The motivation behind such buyback programs is often multi-faceted. Firstly, it provides a
supportive mechanism for the stock's performance, particularly during uncertain market conditions. By reducing the float of available shares on the market, Truecaller aims to bolster the share price, subsequently enhancing shareholder value. Secondly, it sends a powerful message of confidence in the company’s operational prowess and future potential, which is critical for attracting and retaining investors.
The
Annual General Meeting of 2025 provided the board the authority to repurchase shares up to
10% of the outstanding number as of that year's AGM. This flexibility empowers the company to execute share repurchases strategically over a defined timeline. It is also noteworthy that all transactions were executed on
Nasdaq Stockholm under the guidance of
Carnegie, emphasizing the importance of transparency and regulatory compliance in the share buyback process.
Current Shareholder Structure
As of
September 5, 2025, Truecaller's total holdings include
5,472,832 B shares and
5,013,786 C shares, constituting approximately
2.96% of the company's exemplary market standing. In total, the current share count—factoring in all purchased shares—stands at
353,750,053, while the outstanding total (excluding treasury shares) measures
343,263,435. This structure positions Truecaller favorably within the marketplace, potentially enabling further growth and investor interest.
About Truecaller
Founded to combat issues related to unwanted communication and fraud in the digital economy, Truecaller has emerged as a leading platform for verifying contacts and blocking unwanted calls. With over
450 million active users, it continuously strives to facilitate secure and relevant conversations. The company's efforts to build trust in communication have earned it a reputable spot in the industry, and it remains committed to product innovation and customer satisfaction.
For further inquiries, please reach out to
Andreas Frid, the Head of Investor Relations at Truecaller, via his contact number +46 705 29 08 00 or at [email protected].
Stay tuned for more updates as Truecaller makes strides in reinforcing its market position through strategic financial decisions.