Remuneration of Executives by distribution of Millicom shares

Rhea-AI Summary

Millicom announced the distribution of 52,895 treasury shares to its executive management team as part of its deferred share-based compensation plans, approved during the annual general meetings from 2019 to 2021. This action aligns with the company's commitment to reward its executives under the terms set in those plans. Further details regarding the share distribution are available on Millicom’s official website. The company, which operates under the TIGO brand, provides telecommunications services across Latin America and Africa.

Positive

• Distribution of 52,895 treasury shares to executive management enhances executive compensation structure.

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• None.

Remuneration of Executives by distribution of Millicom shares

Luxembourg, February 25, 2022 – 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 2019, 2020, and 2021 annual general meetings of shareholders, it has distributed treasury shares to eligible plan participants, including 52,895 shares to its executive management team.

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

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For further information, please contact:

Press: Vivian Kobeh, Director Corporate Communications +1-786-628-5300 press@millicom.com   Yocasta Valdez, Group Manager Digital Media & Communications +1-305-929-5417 press@millicom.com

Investors: Michel Morin, VP Investor Relations +1-786-628-5270 investors@millicom.com   Sarah Inmon, Director Investor Relations +1-786-628-5303 investors@millicom.com

About Millicom
Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile telecommunications services dedicated to emerging markets in Latin America and Africa. 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, 2021, Millicom employed approximately 21,000 people and provided mobile services through its digital highways to around 58 million customers, with a fiber-cable footprint of more than 12 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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FAQ

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

Millicom announced a distribution of 52,895 treasury shares to its executive management team as part of its deferred share-based compensation plans.

When were the compensation plans for Millicom (TIGO) approved?

The deferred share-based compensation plans were approved at Millicom’s annual general meetings in 2019, 2020, and 2021.

How many shares did Millicom (TIGO) distribute to executives?

Millicom distributed 52,895 shares to its executive management team.

Where can I find more details on Millicom's (TIGO) share distribution?

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