Millicom (Tigo) declares $0.75 per share interim dividend to be paid on April 15, 2025

Rhea-AI Summary

Millicom (Tigo) has announced an interim dividend of $0.75 per share, scheduled for payment on April 15, 2025. The dividend will be paid to shareholders registered with Broadridge on April 8, 2025, which is also the ex-dividend date.

The company plans to submit a delisting application with Nasdaq Stockholm on March 3, 2025, leading to the termination of the SDR program. The last trading day for SDRs is expected to be around March 17, 2025. Only common shareholders as of the record date will receive the dividend.

The dividend payment will be subject to a 15% Luxembourg withholding tax, though shareholders may be eligible for reduced rates through double tax treaties or exemptions under Luxembourg tax law.

Positive

• Dividend payment of $0.75 per share announced
• Clear timeline for dividend distribution provided

Negative

• 15% withholding tax reduces actual dividend received
• Delisting from Nasdaq Stockholm reduces trading venue options
• SDR holders will not receive the dividend

Millicom (Tigo) declares $0.75 per share interim dividend to be paid on April 15, 2025

Luxembourg, February 26, 2025 – In line with the press release published on January 14, 2025, the Board of Directors of Millicom International Cellular S.A. (“Millicom”) approved the interim dividend of $0.75 per share to be paid on April 15, 2025 (the “Payment Date”). Other important dates and information relating to the Interim Dividend are as follows:

• Interim Dividend Record Date: the Interim Dividend will be paid to shareholders who are registered in the U.S. with Broadridge on April 8, 2025, at 23.59 CET;
• Ex-dividend Date: the last trading day on which shares acquired will be eligible to receive the Interim Dividend payment, would be April 8, 2025;
• Currency: the Interim Dividends will be paid in U.S. dollars;
• Payment Date: holders of Millcom shares will be paid in accordance with the applicable procedures of Broadridge and the Depository Trust Company (“DTC”) on April 15, 2025.

The Company intends to file a delisting application with Nasdaq Stockholm on March 3, 2025, which will result in the SDR program being terminated. The last day of trading for SDRs is estimated to be on or around March 17, 2025. Therefore, it is expected that only holders of common shares on the Interim Dividend Record Date will receive the Interim Dividend paid on April 15, 2025.

As regards certain tax aspects, Millicom can currently inform investors as follows. In accordance with Luxembourg income tax law, the payment of the Interim Dividend will be subject to a 15% withholding tax. Millicom will withhold the 15% withholding tax and pay this amount to the Luxembourg tax administration. The Interim Dividend will be paid net of withholding tax. However, a reduced withholding tax rate may be foreseen in a double tax treaty concluded between Luxembourg and the country of residence of the shareholder or an exemption may be available in cases where the Luxembourg withholding tax exemption regime conditions are fulfilled. These shareholders should contact their advisors regarding the procedure and the deadline for a potential refund of the withholding tax from the Luxembourg tax authority. Millicom shareholders should consult their tax advisor regarding potential tax implications. Additional information available on the “Nasdaq Stockholm Delisting & Interim Dividend” section of the Millicom website:  

https://www.millicom.com/investors/Nasdaq_Stockholm_Delisting_and_Interim_Dividend

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For further information, please contact

Press: Sofía Corral, Director Corporate Communications press@millicom.com

Investors: 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 September 30, 2024, Millicom, including its Honduras Joint Venture, employed approximately 15,000 people, and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint of about 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.

FAQ

When will TIGO pay its interim dividend in 2025?

TIGO will pay the interim dividend of $0.75 per share on April 15, 2025.

What is the record date for TIGO's 2025 interim dividend?

The record date is April 8, 2025 at 23:59 CET for shareholders registered with Broadridge.

How much withholding tax applies to TIGO's 2025 interim dividend?

A 15% Luxembourg withholding tax applies, though some shareholders may qualify for reduced rates or exemptions.

When will TIGO delist from Nasdaq Stockholm?

TIGO plans to file for delisting on March 3, 2025, with the last SDR trading day expected around March 17, 2025.

Will TIGO SDR holders receive the April 2025 interim dividend?

No, only holders of common shares on the record date (April 8, 2025) will receive the interim dividend.