Repurchase of Truecaller B shares in week 50, 2025

Truecaller repurchased 375,000 B shares in week 50 (8–12 Dec 2025) at a weighted average price of SEK 22.75, totaling SEK 8.53m, bringing purchases under the current program to 4,079,053 shares (SEK 145.07m) since its 30 May 2025 launch; all trades were executed on Nasdaq Stockholm by Carnegie. After these acquisitions Truecaller holds 8,024,385 B-shares and 5,013,786 C-shares (13,038,171 own shares), representing 3.69% of outstanding capital, with total shares including own shares at 353,790,721 and 340,752,550 shares outstanding. The buyback is part of a multi-year repurchase effort (36.67m shares bought since Oct 2022 for SEK 1.228bn) and will run until the 2026 AGM under an authorization that permits holdings up to 10%, signaling continued shareholder-return focus and a modest tightening of free float.

Analysis

Truecaller repurchased 375,000 B shares during week 50 (8–12 Dec 2025) at a weighted average price of SEK 22.75, for a weekly transaction value of SEK 8.53m; these trades bring purchases under the current program to 4,079,053 shares (SEK 145.07m) since the programme launch on 30 May 2025. All acquisitions were executed on Nasdaq Stockholm by Carnegie and the buyback programme runs through the 2026 AGM under a board authorization that allows holdings up to 10% of total shares.

Following the week 50 repurchases Truecaller holds 8,024,385 B-shares and 5,013,786 C-shares (13,038,171 own shares), representing 3.69% of outstanding capital; total shares including own shares are 353,790,721 with 340,752,550 outstanding. The company has accumulated 36,671,500 shares repurchased since Oct 2022 at an average price of SEK 33.49, with total cash spent of SEK 1.228bn, indicating consistent capital-return activity over multiple periods.

The week-50 weighted price (SEK 22.75) is materially below the current programme average (SEK 35.57) and historical averages, suggesting opportunistic buying amid share-price weakness rather than a sustained higher-price pace. Sentiment signals are mildly positive with modest market-impact (sentiment_score 0.22, market_impact_score 0.25); the buybacks modestly tighten free float but remain well below the 10% cap, leaving scope for additional repurchases and making buybacks a continued driver of technical support while cash-allocation and operational priorities remain monitoring points.

Key Decisions for Investors

• Treat the repurchase as a modestly positive governance signal and, if already long, consider holding because buybacks reduce free float and management still has room to increase purchases under the 10% cap
• Monitor the pace of future buybacks relative to reported cash flow and quarterly results and be prepared to add on further price weakness given this week's SEK 22.75 average, which is well below recent program averages
• If considering a new position, wait for clarity on management commentary about capital allocation priorities and any acceleration of repurchases before initiating a material exposure