Remuneration of Directors and Executives by distribution of Millicom (Tigo) shares

Rhea-AI Summary

Millicom International Cellular S.A. announces the distribution of treasury shares to eligible plan participants, including 193,702 shares to its executive management, as part of its deferred share-based compensation plans approved at the 2021, 2022, and 2023 annual general meetings of shareholders.

Remuneration of Directors and Executives by distribution of Millicom (Tigo) shares

Luxembourg, March 1, 2024 – Millicom International Cellular S.A. ("Millicom") announces that, in accordance with the vesting terms and conditions of its deferred share-based compensation plans, approved at Millicom’s 2021, 2022, and 2023 annual general meetings of shareholders, it has distributed treasury shares to eligible plan participants, including 193,702 shares to its executive management.

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

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.

FAQ

What is the latest announcement by Millicom International Cellular S.A. regarding remuneration?

Millicom International Cellular S.A. has distributed treasury shares to eligible plan participants, including 193,702 shares to its executive management, as part of its deferred share-based compensation plans.

How many shares were distributed to the executive management by Millicom International Cellular S.A.?

Millicom International Cellular S.A. distributed 193,702 shares to its executive management.

Where can details of the distributions be found?

Details of the distributions can be found on Millicom International Cellular S.A.'s website.

Who can be contacted for further information regarding the distribution of shares by Millicom International Cellular S.A.?

For further information, press inquiries can contact Sofía Corral, Communications Director at press@millicom.com, and investors can contact Michel Morin, VP Investor Relations at investors@millicom.com.