Repurchase of shares in Millicom
Millicom announced the repurchase of 84,200 shares during the period from September 2 to September 8, 2021, under a program initiated on July 29, 2021. The total value of the repurchased shares amounted to approximately SEK 27.9 million, with an average repurchase price of SEK 326.45. As of September 8, 2021, Millicom holds 660,866 treasury shares out of 101,739,217 outstanding. The repurchase aligns with Article 5 of MAR and is capped at SEK 870 million or 5 million SDRs.
- Share buyback of 84,200 shares enhances shareholder value.
- Repurchase program reflects management's confidence in future growth.
- Total treasury shares now stand at 660,866, indicating strategic use of capital.
- None.
Repurchase of shares in Millicom
Luxembourg, September 13, 2021 - During the period September 2, 2021 – September 8, 2021, Millicom repurchased a total of 84,200 of its Swedish Depository Receipts (SDRs), hereinafter referred to as shares within the framework of the repurchase program announced on July 29, 2021, details of which are shown in the table below.
| Date | Number of shares repurchased | Weighted average repurchase price (SEK) excluding commissions | Total daily transaction value (SEK), excluding commissions |
| 02/09/2021 | 13,700 | 329.3637 | 4,512,282.69 |
| 03/09/2021 | 22,000 | 327.6026 | 7,207,257.20 |
| 06/09/2021 | 13,500 | 326.4521 | 4,407,103.35 |
| 07/09/2021 | 11,000 | 327.2816 | 3,600,097.60 |
| 08/09/2021 | 24,000 | 323.7583 | 7,770,199.20 |
All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom. Following the purchases, as of September 8, 2021, Millicom holds 660,866 treasury shares. The total number of shares outstanding in Millicom is 101,739,217.
- The repurchase program is being executed consistent with the provisions of Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 (“Safe Harbor Regulation”).
- The maximum level of SDRs that may be repurchased will be the lower of SEK 870 million (approximately USD 100 million) in aggregate purchase price, or 5,000,000 SDRs.
A full breakdown of the transactions is attached to this press release. For information about all transactions carried out under the repurchase program, refer to Nasdaq Stockholm’s website.
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 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. For more information, visit: millicom.com. Connect with Millicom on Twitter, Instagram, Facebook and LinkedIn.
Attachments
- Press release_Repurchase of shares in Millicom_091321
- Attachment - Breakdrown transactions week Sep 02-08 Nasdaq_031320
FAQ
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