Millicom (Tigo) share repurchase activity

Rhea-AI Summary

Millicom (Tigo) has executed share repurchases between January 6-10, 2025, as part of its program announced on November 29, 2024. The company bought back 400,821 Swedish Depository Receipts (SDRs) and 146,632 common shares. The SDRs were purchased on Nasdaq Stockholm at prices ranging from SEK 267.03 to SEK 277.37, while common shares were acquired on Nasdaq Stock Market at prices between USD 23.94 and USD 25.02.

All transactions were executed by Citigroup Global Markets and Citigroup Global Markets Inc. on behalf of Millicom. Following these repurchases, Millicom held 2,519,830 treasury shares as of January 10, 2025, out of a total of 172,096,305 outstanding shares.

Positive

• Active share buyback program demonstrates confidence in company value
• Significant repurchase volume of 547,453 total shares in just one week
• Company has financial resources to execute buyback program

Negative

• Declining share prices during the week (SDRs from SEK 277.37 to SEK 267.03)
• Significant cash expenditure for buyback could limit other investment opportunities

Millicom (Tigo) share repurchase activity

Luxembourg, January 13, 2025 - Pursuant to the share repurchase program announced on November 29, 2024, Millicom repurchased 400,821 of its Swedish Depository Receipts (SDRs) and 146,632 of its common shares between January 6, 2025, and January 10, 2025, as detailed in the table below.

Exchange	Nasdaq Stockholm			Nasdaq Stock Market
Trade Date	Number of SDRs repurchased	Average price paid* (SEK)	Repurchase amount* (SEK)	Number of shares repurchased	Average price paid* (USD)	Repurchase amount* (USD)
2025-01-06				36 700	24.9620	916 105
2025-01-07	101 821	273.0227	27 799 444	36 700	25.0157	918 076
2025-01-08	100 000	277.3668	27 736 680	36 532	24.7171	902 965
2025-01-09	99 000	275.0214	27 227 119
2025-01-10	100 000	267.0256	26 702 560	36 700	23.9353	878 426

* Excluding commissions

All purchases were carried out on Nasdaq Stockholm and on the Nasdaq Stock Market by Citigroup Global Markets Limited and Citigroup Global Markets Inc. respectively, on behalf of Millicom. Following the repurchases, Millicom held 2,519,830 treasury shares as of January 10, 2025. 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”). Further information about SDR  repurchases is available on Nasdaq Stockholm’s website:

https://www.nasdaq.com/european-market-activity/news/corporate-actions/repurchase-of-own-shares

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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

How many shares did Millicom (TIGO) repurchase between January 6-10, 2025?

Millicom repurchased 400,821 Swedish Depository Receipts (SDRs) and 146,632 common shares, totaling 547,453 shares.

What was the price range for TIGO's share repurchases in January 2025?

SDRs were purchased at prices ranging from SEK 267.03 to SEK 277.37, while common shares were acquired at prices between USD 23.94 and USD 25.02.

How many treasury shares does TIGO hold after the January 2025 buyback?

Following the repurchases, Millicom held 2,519,830 treasury shares as of January 10, 2025.

What is the total number of outstanding shares for TIGO as of January 2025?

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

When was TIGO's share repurchase program announced?

Millicom announced its share repurchase program on November 29, 2024.