Remuneration of Director by distribution of Millicom (Tigo) shares

Rhea-AI Summary

Millicom International Cellular has announced the distribution of 1,150 shares to one of its board members as part of non-executive director remuneration for the period from May 4, 2022, to May 2023. This distribution follows a resolution passed at the annual general meeting held on May 4, 2022. Shareholders can find more details on the company's website.

Positive

• Distribution of 1,150 shares to a board member aligns with shareholder resolutions.
• Enhances board member compensation through equity, potentially aligning interests with shareholders.

Negative

• None.

Remuneration of Director by distribution of Millicom (Tigo) shares

Luxembourg, September 23, 2022 – Millicom International Cellular S.A. ("Millicom") announces that, in accordance with the resolution of its shareholders at the annual general meeting held on May 4, 2022, it has distributed a total of 1,150 shares to one of the members of its Board of Directors as part of their non-executive director remuneration for the period from the date of the 2022 AGM to the 2023 AGM, to be held in May 2023.

Details of the distributions are disclosed on Millicom’s website.

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For further information, please contact

Press: Yocasta Valdez, Sr. Manager Digital Media & Corporate 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. For more information, visit: millicom.com. Connect with Millicom on Twitter, Instagram, Facebook, and LinkedIn. 

 

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• Remuneration of Director by distribution of Millicom (Tigo) shares

FAQ

What is the recent share distribution by Millicom (TIGO)?

Millicom distributed 1,150 shares to a board member as part of their non-executive director remuneration.

When was the Millicom share distribution announced?

The announcement was made on September 23, 2022.

What period does the Millicom share distribution cover?

The share distribution covers the period from the May 4, 2022 AGM to the May 2023 AGM.