Truecaller Reopens Share Buyback Program to Boost Capital Flexibility
Truecaller is returning to the market to repurchase its own B-shares, a move sanctioned by the company’s board to optimize capital structure and fuel future acquisitions. The initiative, authorized at the May 2026 Annual General Meeting, allows the firm to deploy its own equity as currency for strategic growth opportunities.
The program launches effective June 15, 2026, and will remain active through the lead-up to the 2027 Annual General Meeting. Under the mandate, Truecaller can acquire up to 10 percent of its total outstanding shares. Transactions will be executed exclusively on Nasdaq Stockholm, strictly adhering to the exchange’s Rulebook for Issuers regarding volume and pricing intervals.
Currently, the company’s capital base comprises 337,515,795 total shares. Truecaller already holds 7,850,000 B-shares and 2,089,498 C-shares in its treasury. By utilizing cash reserves for these repurchases, the board aims to enhance long-term shareholder value while maintaining the agility to finance potential corporate acquisitions using its own stock.
Comments (0)
No comments yet. Be the first!