Remuneration of Executives by distribution of Millicom shares

Rhea-AI Summary

Millicom International Cellular S.A. announced on April 7, 2021, the distribution of 48,531 treasury shares to its executive management team as part of its performance share-based compensation plan, approved at the 2018 annual general meeting. This distribution aligns with the company's commitment to rewarding its executives based on performance metrics. The details of the shares' distribution are available on Millicom's website.

Positive

• Distribution of 48,531 shares to executive management aligns with performance-based compensation strategy.

Negative

• None.

Remuneration of Executives by distribution of Millicom shares

Luxembourg, April 7, 2021 – Millicom International Cellular S.A. ("Millicom") announces that, in accordance with the vesting terms and conditions of its performance share-based compensation plan approved at Millicom’s 2018 annual general meeting of shareholders, it has distributed treasury shares to eligible plan participants, including 48,531 shares to its executive management team.

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

-END-

For further information, please contact:

Press: Vivian Kobeh, Corporate Communications Director +1-786-628- 5300 press@millicom.com

Investors: Michel Morin, VP Investor Relations +1-786-628-5270  investors@millicom.com Sarah Inmon, Investor Relations Senior Manager +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 services dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing high-speed broadband and innovation around The Digital Lifestyle® services through its principal brand, TIGO. As of December 31, 2020, Millicom operating subsidiaries and joint ventures employed more than 21,000 people and provided mobile services to approximately 55 million customers, with a cable footprint of more than 12 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.

 

Attachment

• PR_Remuneration of Executives by distribution of Millicom shares_040721

FAQ

What is the significance of Millicom's share distribution on April 7, 2021?

The share distribution of 48,531 shares to executives underscores Millicom's performance-based compensation plan, aimed at rewarding management for their contributions.

How many shares did Millicom distribute to executives?

Millicom distributed a total of 48,531 treasury shares to its executive management team.

Where can I find more details about Millicom's share distribution?

Details about the share distribution are disclosed on Millicom's official website.

What is the ticker symbol for Millicom?

Millicom's ticker symbol is TIGO, listed on NASDAQ U.S. and Nasdaq Stockholm.

When was Millicom's share distribution announced?

The share distribution was announced on April 7, 2021.