Remuneration of Directors by distribution of Millicom (Tigo) shares

Rhea-AI Summary

Millicom (TIGO) has announced the distribution of 40,017 shares to its Board of Directors as part of the remuneration for non-executive directors. This decision follows a resolution by shareholders during the annual general meeting on May 4, 2022. The shares are intended for the period from the 2022 AGM to the 2023 AGM, scheduled for May 2023. Details on the share distribution can be found on Millicom's official website.

Positive

• Share distribution aligns with shareholder resolutions, enhancing transparency.
• Millicom maintains engagement with its Board of Directors through share remuneration.

Negative

• None.

Remuneration of Directors by distribution of Millicom (Tigo) shares

Luxembourg, May 13, 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 40,017 shares to members of its Board of Directors as part of the 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.

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 March 31, 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.

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

FAQ

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

Millicom (TIGO) distributed 40,017 shares to its Board of Directors as part of their remuneration.

When was the Millicom (TIGO) shareholders meeting held?

The Millicom shareholders meeting was held on May 4, 2022.

What period does the Millicom (TIGO) share distribution cover?

The share distribution covers the period from the 2022 AGM to the 2023 AGM, which is set for May 2023.

Where can I find details about the Millicom (TIGO) share distribution?

Details about the share distribution can be found on Millicom's official website.