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Repurchase of shares in Millicom

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Millicom announced the repurchase of 53,100 Swedish Depository Receipts (SDRs) from August 2 to August 4, 2021, as part of a buyback program launched on July 29, 2021. The weighted average prices for the shares ranged from SEK 342.43 to SEK 345.47. The total repurchase program allows for purchases up to SEK 870 million (approximately USD 100 million) or 5,000,000 SDRs. Following these transactions, Millicom holds 231,655 treasury shares, with a total of 101,739,217 shares outstanding.

Positive
  • Share repurchase program aimed at enhancing shareholder value.
  • Potential increase in Earnings Per Share (EPS) due to reduced share count.
Negative
  • None.

Luxembourg, August 9, 2021 - During the period August 2, 2021 – August 4, 2021, Millicom repurchased a total of 53,100 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
8/2/2021 17,700 342.4372 6,061,138.44
8/3/2021 17,700 343.0707 6,072,351.39
8/4/2021 17,700 345.4669 6,114,764.13

All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom. Following the purchases, as of August 9, 2021, Millicom holds 231.655 treasury shares. The total number of shares outstanding in Millicom is 101,739,217.

  1. The repurchase program is being executed consistent with the provisions of Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 (“Safe Harbour Regulation”).
  2. 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.

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FAQ

What is the purpose of Millicom's stock repurchase program?

The program aims to enhance shareholder value by reducing the number of shares outstanding, which could lead to a potential increase in Earnings Per Share (EPS).

How many shares did Millicom repurchase in August 2021?

Millicom repurchased a total of 53,100 shares from August 2 to August 4, 2021.

What was the average repurchase price of Millicom's shares during the buyback?

The weighted average repurchase prices ranged from SEK 342.44 to SEK 345.47 for the shares repurchased.

What is the maximum amount allocated for Millicom's repurchase program?

The maximum amount allocated for the repurchase program is SEK 870 million (approximately USD 100 million).

Millicom International Cellular S.A.

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