Truecaller AB (publ) (OM:TRUE B) commences a share repurchases on May 28, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 23, 2024. As per the mandate, the company is authorized to repurchase up to 7,296,349 B shares, representing 1.76% of its issued share capital, such that company?s shareholding does not exceed 10% of the total number of shares in the company outstanding as of the date of the annual general meeting. The repurchases shall be made at a price per share within the registered price interval of the company?s series B share at any time, or if the Board instructs a member of Nasdaq Stockholm to accumulate a specific number of the company?s shares for its own account during a limited period, at a price per share within the price interval at the time or an equivalent volume-weighted average price.

The purpose of the authorization is to enable the company to adapt its capital structure to its capital needs over time, and thereby contribute to an increased shareholder value to be able to exploit attractive acquisition opportunities by fully or partly financing future acquisitions of companies, operations, or assets 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 General Meeting. The authorization is valid until the next Annual General Meeting. As of April 22, 2024, the company had 381,187,529 shares in issue of which of which 46,783,800 A shares, 328,803,729 B shares and 5,600,000 C shares and the company holds 28,647,115 B shares and 5,600,000 C shares in treasury.