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

Rhea-AI Summary

Millicom (Tigo) has formed a Nomination Committee in preparation for the 2023 Annual General Meeting, following a resolution from the 2022 AGM held on May 4, 2022. This committee includes representatives from major shareholders: Jan Dworsky from Swedbank Robur Funds, Viktor Kockberg from Nordea Investment Funds, Staley Cates from Southeastern Asset Management, and Gerardo Zamorano from Brandes Investment Partners, along with Chairman José Antonio Ríos García. Shareholders can propose candidates for the Board in writing.

Positive

• Formation of a Nomination Committee involving major shareholders enhances governance.
• Diverse representation from significant investment firms may lead to more strategic decision-making.

Negative

• None.

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

Luxembourg, October 31, 2022 – In accordance with the resolution of the 2022 Annual General Meeting of Millicom International Cellular S.A. (“Millicom”) held on May 4, 2022, the Nomination Committee has been formed in consultation with the largest shareholders as of the last business day of June 2022.

The Nomination Committee comprises representatives of four shareholders that represent the largest shareholders in Millicom that have chosen to appoint members; Jan Dworsky, appointed by Swedbank Robur Funds; Viktor Kockberg, appointed by Nordea Investment Funds; Staley Cates, appointed by Southeastern Asset Management, and Gerardo Zamorano appointed by Brandes Investment Partners, 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.

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For further information, please contact:

Press: Karla Rivas, Communications Manager press@millicom.com

Investors: Michel Morin, VP Investor Relations Sarah Inmon, Director 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 September 30, 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. 

 

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• PR_Millicom announces the Nomination Committee ahead of the 2023 Annual General Meeting

FAQ

What is the purpose of Millicom's Nomination Committee for the 2023 AGM?

The Nomination Committee has been formed to propose candidates for election to the Board of Directors ahead of the 2023 Annual General Meeting.

Who are the members of the Nomination Committee at Millicom?

The committee includes Jan Dworsky, Viktor Kockberg, Staley Cates, Gerardo Zamorano, and Chairman José Antonio Ríos García.

When was the Nomination Committee formed for Millicom?

The Nomination Committee was formed in accordance with a resolution from the 2022 Annual General Meeting held on May 4, 2022.

How can shareholders propose candidates for Millicom's Board?

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