Repurchase of shares in Millicom
Millicom announced the repurchase of 90,437 Swedish Depository Receipts (SDRs) between August 12 and August 18, 2021, as part of its ongoing buyback program. This program, initiated on July 29, 2021, limits repurchases to a maximum of SEK 870 million (around USD 100 million) or up to 5,000,000 SDRs. Following these transactions, Millicom holds a total of 403,401 treasury shares out of 101,739,217 total shares. The buyback aims to enhance shareholder value.
- Millicom repurchased 90,437 SDRs, reinforcing its commitment to returning value to shareholders.
- The buyback program demonstrates Millicom's strong cash position and confidence in future growth.
- None.
Luxembourg, August 23, 2021 - During the period August 12, 2021 – August 18, 2021, Millicom repurchased a total of 90,437 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 |
| 12/08/2021 | 13,700 | 338.5971 | 4,638,780.27 |
| 13/08/2021 | 16,737 | 337.1509 | 5,642,894.61 |
| 16/08/2021 | 20,000 | 332.8581 | 6,657,162.00 |
| 17/08/2021 | 20,000 | 330.0897 | 6,601,794.00 |
| 18/08/2021 | 20,000 | 330.8833 | 6,617,666.00 |
All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom. Following the purchases, as of August 23, 2021, Millicom holds 403,401 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 Harbour 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
- PR_Millicom to repurchase own shares_082321
- Breakdrown transactions week Aug12 _Aug 18 Nasdaq_082321
FAQ
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