Millicom (Tigo) share repurchase activity

Rhea-AI Summary

Millicom (Tigo) announced the repurchase of 27,477 of its Swedish Depository Receipts (SDRs) between April 29, 2024, and May 3, 2024. The purchases were made on Nasdaq Stockholm by Citigroup Global Markets , totaling 824,911 treasury shares as of May 3, 2024.

Millicom (Tigo) share repurchase activity

Luxembourg, May 3, 2024 – Pursuant to the share repurchase program announced on December 15, 2023, Millicom repurchased 27,477 of its Swedish Depository Receipts (SDRs) between April 29, 2024 and May 3, 2024, as detailed in the table below.

Trade Date	Number of SDRs repurchased	Daily average price paid* (SEK)	Daily repurchase amount* (SEK)
04/29/2024	7,354	221.1313	1,626,200
04/30/2024	5,500	228.5056	1,256,781
05/02/2024	7,059	227.7027	1,607,353
05/03/2024	7,564	229.7073	1,737,506

* Excluding commissions

All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom. Following the purchases, Millicom holds 824,911 treasury shares as of May 3, 2024. The total number of shares outstanding in Millicom is 172,096,305. 

The repurchase program is being executed consistent with the provisions of Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 (“Safe Harbour Regulation”). A full breakdown of the transactions is attached to this press release. For information about all transactions carried out under the repurchase program, refer to Nasdaq Stockholm’s website: http://www.nasdaqomx.com/transactions/markets/nordic/corporate-actions/stockholm/repurchases-of-own-shares

For further information, please contact:

Press: Sofía Corral, Communications Director 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 December 31, 2023, Millicom, including its Honduras Joint Venture, employed approximately 16,500 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.

Attachment

• Week ending 05-03-24

FAQ

How many Swedish Depository Receipts (SDRs) did Millicom repurchase?

Millicom repurchased 27,477 SDRs.

Where were the repurchases conducted?

The repurchases were carried out on Nasdaq Stockholm by Citigroup Global Markets

How many treasury shares does Millicom hold after the repurchases?

As of May 3, 2024, Millicom holds 824,911 treasury shares.

What is the total number of shares outstanding in Millicom?

The total number of shares outstanding in Millicom is 172,096,305.

What regulations is the repurchase program being executed consistent with?

The repurchase program is being executed consistent with the provisions of Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 ('Safe Harbour Regulation').