Truecaller are canceling unused warrants
At an extraordinary general meeting in July 2021, it was resolved to introduce a long term incentive program (LTIP 2021) to incentivize and retain employees, for a maximum of 19.5 million warrants to board members, senior executives, and other employees. In total, approximately 13.5 million warrants have been registered under LTIP 2021. Truecaller will initiate the process of canceling the remaining approximately 6 million warrants that have not been exercised.The cancellation means that the maximum dilution, if all warrants held owned by warrant owners are exercised and new shares are