The proposed reduction targets 24,185,040 Class B shares currently held by the company. By removing these from its treasury, Truecaller aims to regain the flexibility needed to operate its buy-back program effectively until the 2027 Annual General Meeting. Under current authorizations granted at the 2026 Annual General Meeting, the firm is permitted to repurchase shares provided its total holdings do not exceed ten percent of outstanding stock.
Truecaller Board Proposes Share Cancellation to Boost Buy-back Capacity
Stockholm-based Truecaller AB is moving to cancel over 24 million repurchased Class B shares, a strategic maneuver aimed at clearing room for continued share buy-backs. The company’s board intends to present this capital reduction plan to shareholders during an Extraordinary General Meeting scheduled for September 10, 2026.
As of mid-August 2026, Truecaller’s treasury holdings consist of 24,185,040 Class B shares and 2,089,498 Class C shares, representing roughly 7.78 percent of its total equity. To facilitate the cancellation while maintaining its financial structure, the board will simultaneously propose a bonus issue to restore share capital without issuing new instruments. Detailed documentation regarding the proposal will be released ahead of the September meeting.
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