Millicom (Tigo) share repurchase activity

Rhea-AI Summary

Millicom (Tigo) has provided an update on its share repurchase program announced on November 29, 2024. Between March 10-14, 2025, the company repurchased 315,930 Swedish Depository Receipts (SDRs) and 736,800 common shares through Nasdaq Stockholm and Nasdaq Stock Market, executed by Citigroup Global Markets.

Following these transactions, Millicom now holds 3,847,564 treasury shares as of March 14, 2025, out of a total of 172,096,305 outstanding shares. The repurchase program is being conducted in accordance with Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 (Safe Harbour Regulation).

Positive

• Active share buyback program demonstrates confidence in company value
• Systematic repurchase execution through established financial institutions
• Compliance with regulatory requirements (MAR and Safe Harbour)

Negative

• Reduction in cash reserves due to share repurchases
• Decreased market float and potential impact on stock liquidity

Millicom (Tigo) share repurchase activity

Luxembourg, March 17, 2025 - Pursuant to the share repurchase program announced on November 29, 2024, Millicom repurchased 315,930 of its Swedish Depository Receipts (SDRs) and 736,800 of its common shares between March 10, 2025, and March 14, 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)
2025-03-10	103 000	295.3982	30 426 015	161 700	29.1766	4 717 856
2025-03-11	102 930	301.0125	30 983 217	161 700	29.6205	4 789 635
2025-03-12	110 000	297.8792	32 766 712	161 700	29.8143	4 820 972
2025-03-13				161 700	29.6426	4 793 208
2025-03-14				90 000	30.2072	2 718 648

* 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 3,847,564 treasury shares as of March 14, 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”).

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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 December 31, 2024, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint over 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 March 10-14, 2025?

Millicom repurchased 315,930 Swedish Depository Receipts (SDRs) and 736,800 common shares during this period.

What is the total number of treasury shares held by TIGO after the March 2025 buyback?

Following the repurchases, Millicom held 3,847,564 treasury shares as of March 14, 2025.

When was TIGO's share repurchase program announced?

The share repurchase program was announced on November 29, 2024.

How many total outstanding shares does Millicom (TIGO) have?

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