Truecaller's board has decided to resume share buybacks
The Board of Truecaller has resolved to utilize the mandate adopted by the Annual General Meeting on the 23rd of May 2024 to buy back B-shares. The purpose of the buybacks 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