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

Truecaller Resumes Share Buyback Program

In a recent announcement, Truecaller AB's board has made a significant decision to activate a share buyback program, following the mandate ratified during its Annual General Meeting held on May 23, 2025. This move illustrates Truecaller’s commitment to enhancing shareholder value while providing the flexibility to adjust its capital structure as strategic opportunities arise.

Objectives of the Share Buyback

The primary rationale behind this buyback initiative centers on several strategic objectives. Firstly, it presents the board with the necessary tools to optimize the company's capital structure, a crucial factor in reinforcing shareholder value. Additionally, by engaging in share repurchase, Truecaller seeks to capitalize on attractive acquisition prospects in the future. The buyback program allows Truecaller to use its own shares as a funding mechanism for all or part of any potential acquisitions, thus enabling a more aggressive and resourceful growth strategy.

Another critical aspect of this program relates to the financing and delivery of B-series shares in long-term incentive programs that have been sanctioned by the general meeting. The integration of these shares into employee compensation and incentive packages is a strategic approach to enhancing employee engagement and aligning their interests with those of shareholders.

Program Details

The share buyback program officially commenced on May 30, 2025, and will extend until at least the next scheduled Annual General Meeting in 2026. Share repurchases will occur on the Nasdaq Stockholm platform, adhering to its established Rulebook, which dictates how issuers engage in share buybacks. Under this program, Truecaller is allowed to repurchase a maximum of 10% of the total outstanding shares, ensuring that the company does not exceed regulatory limits.

The buybacks will happen over various occasions and will be executed within a price range that reflects current market valuations, specifically between the highest buying price and the lowest selling price on Nasdaq at that given time. All transactions will be executed in cash, ensuring that the company manages its liquidity effectively throughout this process.

Current Share Structure

At present, Truecaller boasts a total of 353,079,080 shares, comprising 46,783,800 A shares, 301,277,494 B shares, and 5,017,786 C shares. Notably, Truecaller has repurchased all C shares to fulfill its commitments in incentive programs that had been previously approved during the AGM. Currently, Truecaller retains 3,945,332 B shares and 5,017,786 C shares in treasury, which reflects the company's proactive stance in managing its shares and responding to its long-term strategic goals.

About Truecaller

Truecaller stands at the forefront of global communication technology, offering a leading platform for verifying contacts and obstructing unwanted communications. The company aims to foster safe, trustworthy interactions among users while facilitating business connections with consumers. With more than 450 million active users, Truecaller plays an essential role in enhancing communication security, particularly in emerging markets plagued by fraud and unsolicited messages.

Listed on Nasdaq Stockholm since October 8, 2021, Truecaller continues to prioritize shareholder growth and actively contribute to a digital economy that emphasizes trust and reliability. This buyback initiative is just one of several strategies Truecaller employs to reassure its shareholders and stakeholders of the company's dedication to growth and success in the ever-evolving tech landscape.

This share buyback program is a testament to Truecaller’s forward-thinking approach, positioning the company for future opportunities while safeguarding shareholder interests.