Remuneration of Executives by distribution of Millicom (Tigo) shares

Rhea-AI Summary

Millicom (Tigo) has announced the distribution of 650,605 treasury shares to eligible participants under its deferred share-based compensation plans. The distribution, approved at the company's 2022, 2023, and 2024 annual general meetings, includes 98,255 shares allocated to executive management.

Following this distribution, Millicom now holds 2,015,884 ordinary shares in treasury, with a total of 172,096,305 outstanding ordinary shares.

Remuneration of Executives by distribution of Millicom (Tigo) shares

Luxembourg, February 25, 2025 – 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 2022, 2023, and 2024 annual general meetings of shareholders, it has distributed 650,605 treasury shares to eligible plan participants, including 98,255 shares to its executive management. As a result, Millicom’s own holding of Millicom shares is 2,015,884 ordinary shares. The total amount of ordinary Millicom shares outstanding is 172,096,305.

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 September 30, 2024, Millicom, including its Honduras Joint Venture, employed approximately 15,000 people, and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint of about 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.

 

FAQ

How many treasury shares did Millicom (TIGO) distribute in February 2025?

Millicom distributed 650,605 treasury shares, with 98,255 shares going to executive management.

What is Millicom's (TIGO) current treasury share count after the February 2025 distribution?

After the distribution, Millicom holds 2,015,884 ordinary shares in treasury.

How many total outstanding shares does Millicom (TIGO) have as of February 2025?

Millicom has 172,096,305 total outstanding ordinary shares.

Which years' shareholder meetings approved TIGO's deferred share-based compensation plans?

The plans were approved at Millicom's 2022, 2023, and 2024 annual general meetings of shareholders.