Notification of share transaction by Millicom Executive

Rhea-AI Summary

Millicom International Cellular S.A. (NASDAQ: TIGO) disclosed that on August 17, 2022, Chief Information and Technology Officer Xavier Rocoplan sold 57,633 shares in the open market at an average price of $15.70 per share. Post-sale, he holds 33,302 shares directly. This transaction reflects ongoing movements within the executive team, which may indicate personal financial decisions rather than company performance fluctuations.

Positive

• None.

Negative

• Sale of 57,633 shares by an executive may raise concerns about insider confidence in the company.

Notification of share transaction by Millicom Executive

Luxembourg, August 22, 2022 – Millicom International Cellular S.A. (NASDAQ: TIGO) announces that on August 17, 2022, its Chief Information and Technology Officer, Mr. Xavier Rocoplan, sold 57,633 Millicom shares in the open market at an average price of $15.70 per share. Mr. Rocoplan now directly owns 33,302 shares.

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For further information, please contact

Press: Yocasta Valdez, Group Manager Digital Media & Communications press@millicom.com

Investors: Michel Morin, VP Investor Relations Sarah Inmon, Director 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 June 30, 2022, Millicom employed approximately 20,000 people and provided mobile and fiber-cable services through its digital highways to around 50 million customers, with a fiber-cable footprint of close to 13 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.

 

Attachment

• Notification of share transaction by Millicom Executive

FAQ

What share transaction did Millicom Executive Xavier Rocoplan make?

On August 17, 2022, Xavier Rocoplan sold 57,633 Millicom shares at an average price of $15.70 each.

How many shares does Xavier Rocoplan own after his recent sale?

After selling, Xavier Rocoplan directly owns 33,302 Millicom shares.

What is the stock symbol for Millicom?

The stock symbol for Millicom is TIGO, traded on NASDAQ.