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Remuneration of Directors by distribution of Millicom (Tigo) shares

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Millicom International Cellular S.A. (TIGO) has distributed a total of 31,682 shares to its Board of Directors as part of their remuneration. This distribution, approved by shareholders at the annual general meeting on May 23, 2024, covers the share-based portion of director compensation for the period from the 2024 AGM to the 2025 AGM, expected to be held in May 2025. The company has disclosed detailed information about these distributions on its website, ensuring transparency for investors and stakeholders. This move aligns with Millicom's commitment to incentivize and retain top talent in its leadership team.

Millicom International Cellular S.A. (TIGO) ha distribuito un totale di 31.682 azioni al suo Consiglio di Amministrazione come parte della loro remunerazione. Questa distribuzione, approvata dagli azionisti nell'assemblea generale annuale del 23 maggio 2024, copre la parte della compensazione per azioni dei direttori per il periodo dall'assemblea del 2024 all'assemblea del 2025, che si prevede si terrà a maggio 2025. L'azienda ha fornito informazioni dettagliate su queste distribuzioni sul proprio sito web, garantendo trasparenza per investitori e portatori di interesse. Questa mossa è in linea con l'impegno di Millicom per incentivare e trattenere i migliori talenti nel suo team di leadership.

Millicom International Cellular S.A. (TIGO) ha distribuido un total de 31,682 acciones a su Junta Directiva como parte de su remuneración. Esta distribución, aprobada por los accionistas en la reunión general anual del 23 de mayo de 2024, cubre la parte de la compensación basada en acciones para los directores desde la AGM de 2024 hasta la AGM de 2025, que se espera que se celebre en mayo de 2025. La compañía ha divulgado información detallada sobre estas distribuciones en su sitio web, asegurando transparencia para inversores y partes interesadas. Esta medida está en consonancia con el compromiso de Millicom de incentivar y retener el mejor talento en su equipo de liderazgo.

밀리콤 국제 통신 S.A. (TIGO)는 이사회의 보상 일환으로 31,682주를 배분했습니다. 주주는 2024년 5월 23일의 연례 총회에서 이 배분을 승인했으며, 이는 2024년 총회부터 2025년 총회까지의 이사 보상 중 주식 기반 부분을 포함합니다. 2025년 5월에 열릴 것으로 예상됩니다. 회사는 이러한 배분에 대한 자세한 정보를 웹사이트에 공개하여 투자자와 이해관계자에게 투명성을 보장하고 있습니다. 이는 밀리콤이 리더십 팀의 우수 인재를 유치하고 유지하기 위한 노력과 일치합니다.

Millicom International Cellular S.A. (TIGO) a distribué un total de 31 682 actions à son Conseil d'Administration dans le cadre de leur rémunération. Cette distribution, approuvée par les actionnaires lors de l'assemblée générale annuelle du 23 mai 2024, couvre la part de la rémunération des directeurs basée sur des actions pour la période de l'assemblée générale de 2024 à celle de 2025, prévue pour se tenir en mai 2025. L'entreprise a également divulgué des informations détaillées sur ces distributions sur son site web, assurant ainsi la transparence pour les investisseurs et les parties prenantes. Cette initiative s'inscrit dans l'engagement de Millicom à inciter et à retenir les meilleurs talents au sein de son équipe dirigeante.

Millicom International Cellular S.A. (TIGO) hat insgesamt 31.682 Aktien an seinen Vorstand ausgeschüttet, als Teil ihrer Vergütung. Diese Verteilung wurde von den Aktionären in der Hauptversammlung am 23. Mai 2024 genehmigt und deckt den aktienbasierten Anteil der Vergütung für Direktoren für den Zeitraum von der Hauptversammlung 2024 bis zur Hauptversammlung 2025 ab, die voraussichtlich im Mai 2025 stattfinden wird. Das Unternehmen hat detaillierte Informationen zu diesen Verteilungen auf seiner Website veröffentlicht und so Transparenz für Investoren und Stakeholder gewährleistet. Dieser Schritt steht im Einklang mit Millicoms Engagement, Top-Talente im Führungsteam zu fördern und zu halten.

Positive
  • Alignment of director interests with shareholders through share-based compensation
  • Transparency in disclosing remuneration details on the company website
Negative
  • Potential dilution of existing shareholders' stakes due to the issuance of new shares for director compensation

Remuneration of Directors by distribution of Millicom (Tigo) shares

Luxembourg, July 30, 2024 – Millicom International Cellular S.A. ("Millicom") announces that, in accordance with the resolution of its shareholders at the annual general meeting held on May 23, 2024, it has distributed a total of 31,682 shares to members of its Board of Directors representing the share-based portion of director remuneration for the period from the date of the 2024 AGM to the 2025 AGM, planned to be held in May 2025.

Details of the distributions 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 March 31, 2024, Millicom, including its Honduras Joint Venture, employed approximately 15,500 people, and provided mobile and fiber-cable services through its digital highways to more than 45 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.


FAQ

How many shares did Millicom (TIGO) distribute to its Board of Directors in 2024?

Millicom (TIGO) distributed a total of 31,682 shares to its Board of Directors as part of their remuneration for the period from the 2024 AGM to the 2025 AGM.

When was the distribution of shares to Millicom (TIGO) directors approved?

The distribution of shares to Millicom (TIGO) directors was approved by shareholders at the annual general meeting held on May 23, 2024.

What period does the share-based remuneration cover for Millicom (TIGO) directors?

The share-based remuneration for Millicom (TIGO) directors covers the period from the 2024 AGM to the 2025 AGM, which is planned to be held in May 2025.

Where can investors find details about the share distribution to Millicom (TIGO) directors?

Investors can find detailed information about the share distribution to Millicom (TIGO) directors on the company's website.

Millicom International Cellular S.A.

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