Truecaller AB Proposes Share Capital Reduction
The Board of Directors of Truecaller AB has decided to propose a reduction of the company's share capital by cancelling treasury shares. The aim is to increase flexibility for share buy-back programs.
Truecaller AB's Board of Directors has resolved to propose a reduction of the company's share capital through the cancellation of its own B shares. The purpose of the proposal is to reduce the number of treasury shares held by the company.
This proposed reduction is intended to provide the company with greater flexibility for implementing share buy-back programs until the Annual General Meeting in 2027. The board previously received authorization at the 2026 Annual General Meeting to repurchase B shares until the 2027 meeting, allowing for strategic planning of such programs.
The proposal to reduce share capital requires approval at a forthcoming general meeting. If approved, the cancellation will decrease the total number of outstanding B shares. The company has not specified the timeline or scale of future buy-back activities beyond this capital structure adjustment.