Repurchase of shares in Millicom
Millicom has announced its share repurchase actions from September 23 to September 29, 2021, purchasing a total of 82,299 Swedish Depository Receipts (SDRs). This initiative, part of a repurchase program launched on July 29, 2021, aims to enhance shareholder value. The purchases were executed at a weighted average price of SEK 310.86 per share, totaling approximately SEK 23.3 million in value. As of September 29, Millicom holds 997,336 treasury shares and has repurchased 821,737 SDRs under this program.
- Enhanced shareholder value through the repurchase program.
- Total repurchases amounting to SEK 23.3 million indicate strong confidence in the company's stock.
- None.
Repurchase of shares in Millicom
Luxembourg, October 1, 2021 - During the period September 23, 2021 – September 29, 2021, Millicom repurchased a total of 82,299 of its Swedish Depository Receipts (SDRs), hereinafter referred to as shares within the framework of the repurchase program announced on July 29, 2021 (the Repurchase Program), 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 |
| 23/09/2021 | 7,500 | 316.3578 | 2,372,683.50 |
| 24/09/2021 | 18,972 | 313.1941 | 5,941,918.47 |
| 27/09/2021 | 10,827 | 316.0092 | 3,421,431.61 |
| 29/09/2021 | 45,000 | 309.2411 | 13,915,849.50 |
All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom. Following the purchases, as of September 29, 2021, Millicom holds 997,336 treasury shares and has repurchased 821,737 shares under the Repurchase Program. 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_100121
- Attachment - Breakdrown transactions weekly Sept 0923_0929
FAQ
How many shares did Millicom repurchase from September 23 to September 29, 2021?
What was the purpose of Millicom's share repurchase program?
What was the average repurchase price for Millicom's shares?
How many treasury shares does Millicom hold after the recent buyback?
What is the maximum value for Millicom's share repurchase program?
