Truecaller's board has decided to resume share buybacks
The Board of Truecaller has decided to utilize the mandate given by the Annual General Meeting on the 26th of May 2023 to buy back B-shares. The purpose of the buy backs is to give the board of directors the opportunity to continuously adapt the company’s capital structure and thereby contribute to increased shareholder value, to be able to exploit attractive acquisition opportunities by fully or partly financing future acquisitions of companies, with the company’s own shares, and for financing and/or securing the delivery of series B shares in long-term incentive programs approved by the