Millicom (Tigo) share repurchase activity  

Rhea-AI Summary

Millicom (Tigo) conducted a share repurchase activity, repurchasing 38,891 Swedish Depository Receipts between April 15, 2024, and April 19, 2024. The purchases were made at varying daily average prices, totaling approximately SEK 7,347,409. The repurchase program aims to comply with regulatory provisions and enhance shareholder value.

Millicom (Tigo) share repurchase activity

Luxembourg, April 19, 2024 – Pursuant to the share repurchase program announced on December 15, 2023, Millicom repurchased 38,891 of its Swedish Depository Receipts (SDRs) between April 15, 2024 and April 19, 2024, as detailed in the table below.

Trade Date	Number of SDRs repurchased	Daily average price paid* (SEK)	Daily repurchase amount* (SEK)
04/15/2024	9,279	218.2163	2,024,829
04/16/2024	8,720	216.2150	1,885,395
04/17/2024	8,720	215.3172	1,877,566
04/18/2024	5,172	218.0530	1,127,770
04/19/2024	7,000	217.8354	1,524,848

* Excluding commissions

All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom. Following the purchases, Millicom holds 805,594 treasury shares as of April 19, 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 04-19-24

FAQ

How many Swedish Depository Receipts did Millicom repurchase between April 15, 2024, and April 19, 2024?

Millicom repurchased 38,891 of its Swedish Depository Receipts during the stated period.

What was the total daily repurchase amount for Millicom between April 15, 2024, and April 19, 2024?

The total daily repurchase amount for Millicom during the period ranged from approximately SEK 1,127,770 to SEK 2,024,829.

Who carried out the repurchases on behalf of Millicom?

All purchases were executed on Nasdaq Stockholm by Citigroup Global Markets on behalf of Millicom.

How many treasury shares does Millicom hold as of April 19, 2024?

As of April 19, 2024, Millicom holds 805,594 treasury shares.

What is the total number of shares outstanding in Millicom?

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