STOCK TITAN

Millicom (Tigo) announces a change in the Nomination Committee ahead of the 2023 Annual General Meeting

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Millicom (TIGO) has announced a change in its Nomination Committee ahead of the 2023 Annual General Meeting. Mr. Nicolas Jaeger, appointed by Atlas Luxco S.àr.l., has joined the committee, which includes representatives from various significant shareholders. Atlas Luxco holds a 20% stake in Millicom. The committee now consists of members from Swedbank Robur Funds, Nordea Investment Funds, Southeastern Asset Management, Brandes Investment Partners, and the Chairman of Millicom’s Board of Directors. Shareholders are encouraged to propose candidates for the Board of Directors.

Positive
  • Appointment of Nicolas Jaeger to the Nomination Committee may enhance shareholder representation.
  • Atlas Luxco's 20% shareholding indicates strong investment support for Millicom.
Negative
  • None.

Millicom (Tigo) announces a change in the Nomination Committee ahead of the 2023 Annual General Meeting

Luxembourg, March 23, 2023 – The Nomination Committee of Millicom International Cellular S.A. (“Millicom”) announces that Mr. Nicolas Jaeger appointed by Atlas Luxco S.àr.l., has joined the Nomination Committee of Millicom.
On March 17, 2023, Atlas Luxco S.àr.l. reported that it holds a 20% shareholding in Millicom. On March 23, 2023 Mr. Nicolas Jaeger joined the Nomination Committee.

The Nomination Committee comprises Jan Dworsky, appointed by Swedbank Robur Funds; Viktor Kockberg, appointed by Nordea Investment Funds; Staley Cates, appointed by Southeastern Asset Management, Gerardo Zamorano appointed by Brandes Investment Partners, and Nicolas Jaeger appointed by Atlas Luxco S.àr.l., as well as the Chairman of Millicom’s Board of Directors, José Antonio Ríos García.

Information about the work of the Nomination Committee can be found on Millicom’s website. Shareholders wishing to propose candidates for election to the Board of Directors of Millicom should submit their proposal in writing to the Company Secretary, Millicom International Cellular S.A., 2 rue du Fort Bourbon, L-1249 Luxembourg.

For further information, please contact

Press:

Sofía Corral, Director Corporate Communications

press@millicom.com
Investors:

Sarah Inmon, Director Investor Relations
investors@millicom.com

Michel Morin, VP Investor Relations
investors@millicom.com

About Millicom

Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile telecommunications services in Latin America. Through our TIGO® and Tigo Business® brands, we provide a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of December 31, 2022, Millicom employed approximately 20,000 people and provided mobile and fiber-cable services through its digital highways to more than 45 million customers, with a fiber-cable footprint over 13 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg. For more information, visit millicom.com. Connect with Millicom on Twitter, Instagram, Facebook, and LinkedIn

Attachment


FAQ

What change was announced in Millicom's Nomination Committee?

Millicom announced the appointment of Mr. Nicolas Jaeger from Atlas Luxco S.àr.l. to its Nomination Committee.

What is the significance of Atlas Luxco's shareholding in Millicom?

Atlas Luxco holds a 20% stake in Millicom, which strengthens the influence of significant shareholders in company decisions.

Who else is on Millicom's Nomination Committee?

The committee includes members appointed by Swedbank Robur Funds, Nordea Investment Funds, Southeastern Asset Management, and Brandes Investment Partners.

How can shareholders propose candidates for Millicom's Board of Directors?

Shareholders can submit their proposals in writing to the Company Secretary of Millicom International Cellular S.A.

When is Millicom's Annual General Meeting?

The specific date for Millicom's Annual General Meeting has not been provided in the press release.

Millicom International Cellular S.A.

NASDAQ:TIGO

TIGO Rankings

TIGO Latest News

TIGO Stock Data

4.51B
171.50M
1.78%
5.09%
0.04%
Telecom Services
Communication Services
Link
United States of America
Luxembourg City