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Notification of share transaction by Director of Millicom (Tigo) shares

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Millicom International Cellular (Tigo) announced that Director Tomas Eliasson has sold his entire stake of 17,269 Swedish Depository Receipts (SDRs) on November 8, 2024. The transaction was executed at an average price of SEK 289.19 per share in the open market. Following this sale, Mr. Eliasson no longer holds any shares in the company.

Millicom International Cellular (Tigo) ha annunciato che il Direttore Tomas Eliasson ha venduto tutta la sua partecipazione di 17.269 Swedish Depository Receipts (SDRs) l'8 novembre 2024. La transazione è avvenuta a un prezzo medio di SEK 289,19 per azione nel mercato aperto. Dopo questa vendita, il Sig. Eliasson non detiene più azioni nella società.

Millicom International Cellular (Tigo) anunció que el Director Tomas Eliasson ha vendido su totalidad de 17,269 Swedish Depository Receipts (SDRs) el 8 de noviembre de 2024. La transacción se ejecutó a un precio promedio de SEK 289.19 por acción en el mercado abierto. Tras esta venta, el Sr. Eliasson ya no posee acciones en la compañía.

Millicom International Cellular (Tigo)는 이사 Tomas Eliasson이 2024년 11월 8일에 17,269개의 스웨덴 예탁증서(SDRs)를 전량 매각했다고 발표했습니다. 이 거래는 시장에서 주당 평균 SEK 289.19의 가격으로 실행되었습니다. 이 판매 이후, Eliasson 씨는 회사의 주식을 더 이상 보유하지 않게 되었습니다.

Millicom International Cellular (Tigo) a annoncé que le Directeur Tomas Eliasson a vendu sa totalité de 17 269 certificats de dépôt suédois (SDRs) le 8 novembre 2024. La transaction a été réalisée à un prix moyen de 289,19 SEK par action sur le marché libre. Suite à cette vente, M. Eliasson ne détient plus d'actions dans la société.

Millicom International Cellular (Tigo) gab bekannt, dass der Direktor Tomas Eliasson seinen gesamten Anteil von 17.269 Swedish Depository Receipts (SDRs) am 8. November 2024 verkauft hat. Die Transaktion wurde zu einem durchschnittlichen Preis von SEK 289,19 pro Aktie im offenen Markt durchgeführt. Nach diesem Verkauf hält Herr Eliasson keine Aktien mehr im Unternehmen.

Positive
  • None.
Negative
  • Complete divestment by Director Tomas Eliasson of his entire 17,269 SDR position could signal lack of confidence in company's future prospects

Insights

This insider sale by Director Tomas Eliasson represents a relatively minor transaction, with approximately $450,000 worth of shares sold at SEK 289.19 per share. The complete divestment of his position could raise some concerns, but without context about his reasons or overall insider trading patterns, this single transaction is not particularly alarming for a company with a $4.5B market cap.

The timing and complete exit of his position warrant attention, but shouldn't significantly impact market sentiment or stock performance. Insider sales can occur for various personal reasons and don't necessarily indicate negative outlook for the company.

Notification of share transaction by Director of Millicom (Tigo) shares

Luxembourg, November 8, 2024 – Millicom International Cellular S.A. ("Millicom") announces that, on November 8, 2024, Tomas Eliasson, Director of Millicom, sold 17,269  Millicom Swedish Depository Receipts (SDRs) in the open market at an average price of SEK 289.19 per share. Mr. Eliasson now directly owns no shares. Details of the transaction are disclosed on Millicom’s website.

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 over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.


 



 


FAQ

How many Millicom (TIGO) shares did Director Tomas Eliasson sell on November 8, 2024?

Director Tomas Eliasson sold 17,269 Millicom Swedish Depository Receipts (SDRs) at an average price of SEK 289.19 per share.

What is the current shareholding of Tomas Eliasson in Millicom (TIGO) after the November 8, 2024 transaction?

Following the sale transaction on November 8, 2024, Tomas Eliasson owns no shares in Millicom.

What was the price per share for Millicom (TIGO) SDRs in Tomas Eliasson's sale?

The average price per share in the transaction was SEK 289.19.

Millicom International Cellular S.A.

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