Repurchase of shares in Millicom
Millicom announced the repurchase of 122,612 Swedish Depository Receipts (SDRs) from September 16 to 22, 2021, under its buyback program initiated on July 29, 2021. The total shares repurchased under this program now stand at 739,438, with a current treasury stock of 915,037 shares. The repurchase program allows for up to SEK 870 million or 5 million SDRs. All transactions were conducted on Nasdaq Stockholm by Citigroup Global Markets Limited.
- Repurchased 122,612 SDRs, bringing total repurchases to 739,438 shares, potentially increasing shareholder value.
- Increased treasury shares to 915,037, improving earnings per share (EPS) outlook.
- None.
Repurchase of shares in Millicom
Luxembourg, September 24, 2021 - During the period September 16, 2021 – September 22, 2021, Millicom repurchased a total of 122,612 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 |
| 16/09/2021 | 17,000 | 315.2166 | 5,358,682.20 |
| 17/09/2021 | 13,000 | 316.9849 | 4,120,803.70 |
| 20/09/2021 | 47,000 | 310.3055 | 14,584,358.50 |
| 21/09/2021 | 22,000 | 312.2228 | 6,868,901.60 |
| 22/09/2021 | 23,612 | 311.9609 | 7,366,020.77 |
All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom. Following the purchases, as of September 22, 2021, Millicom holds 915,037 treasury shares and has repurchased 739,438 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_092421
- Attachment - Breakdrown transactions week Sept 16_22 Nasdaq_092421
FAQ
What was the total number of shares repurchased by Millicom from September 16 to 22, 2021?
How many shares has Millicom repurchased under its buyback program to date?
What is the maximum limit for Millicom's share repurchase program?
Who executed the share repurchases for Millicom?
