Truecaller share buyback activity added 800,000 Class B shares between May 18 and May 22, 2026, representing 0.23% of outstanding capital. The company spread purchases evenly across four trading days, with 200,000 shares acquired each day from May 18 through May 21. No purchases occurred on May 22. Across the week, the average purchase price reached SEK 13.67, while total transaction value stood at SEK 10,938,624.
🔑 Key Highlights
- Truecaller repurchased 800,000 B shares during week 21
- Current program acquired 20,179,594 shares total
- Board approval permits repurchases until 2027 annual meeting
- Repurchased shares may not exceed ten percent holding
- 16,274,926 repurchased shares approved for cancellation
The repurchase program that began on May 30, 2025, accumulated 20,179,594 shares before ending on May 21, 2026. According to the figures provided, those purchases represented 5.81% of outstanding capital. Over the life of the program, the average share price reached SEK 18.09 and transaction value totaled SEK 365,061,969. DNB Carnegie executed every acquisition on Nasdaq Stockholm for the company.
A previous authorization approved at the 2025 annual meeting expired before a new decision arrived at the May 22, 2026 annual meeting. Under the updated mandate, the board may continue repurchasing Class B shares until the 2027 annual meeting. The approval limits company-owned shares to no more than 10% of total outstanding shares as measured on the annual meeting date. The buyback arrangement operated under “Emittentregelverket” during its stated timeline.
After the latest acquisitions, company-held shares totaled 24,124,926 Class B shares alongside 5,013,786 Class C shares as of May 22, 2026. Those holdings equaled 8.24% of outstanding capital. Shareholders also approved the cancellation of 16,274,926 repurchased shares during the May 22 annual meeting. The company stated that process is scheduled for the second quarter.
Truecaller reported a total share count of 353,790,721, including treasury holdings, while outstanding shares excluding company-owned stock reached 324,652,009. The latest program also added to a longer sequence of buybacks stretching back to October 2022. Across four listed periods, aggregate purchases reached 52,772,041 shares. Combined transaction value across those programs totaled SEK 1,448,217,052.
📊 What This Means (Our Analysis)
The updated authorization keeps the repurchase framework active rather than allowing activity to stop after the earlier approval expired. Combined with a defined ownership ceiling and an approved share cancellation plan, the development signals continuity in how the company manages previously acquired shares and future repurchases.
The figures also show a multi-year pattern rather than a one-time action, with purchases recorded across several periods since 2022. By outlining holdings, cancellation plans, ownership limits, and transaction totals together, the announcement offers a clearer picture of how the company structures and measures its repurchase activity over time.
📌 Our Take: The latest approval places future repurchases within a defined framework while extending a program that has already accumulated millions of shares.