Repurchase of shares in Millicom
Millicom announced the repurchase of 81,309 shares from August 5 to August 11, 2021, as part of a program initiated on July 29, 2021. The total value of shares repurchased during this period was approximately SEK 27,826,520.21. Post-purchases, Millicom holds 312,964 treasury shares, out of 101,739,217 shares outstanding. The repurchase program allows for up to SEK 870 million (around USD 100 million) or 5 million SDRs. This initiative aims to enhance shareholder value and confidence in future growth.
- Share repurchase program signals confidence in the company's financial health.
- Potential increase in earnings per share (EPS) due to reduced share count.
- None.
Luxembourg, August 16, 2021 - During the period August 5, 2021 – August 11, 2021, Millicom repurchased a total of 81,309 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 |
| 05/08/2021 | 15,700 | 342.9867 | 5,384,891.19 |
| 06/08/2021 | 17,000 | 340.6935 | 5,791,789.50 |
| 09/08/2021 | 14,875 | 335.2294 | 4,986,537.33 |
| 10/08/2021 | 16,877 | 336.5102 | 5,679,282.65 |
| 11/08/2021 | 16,857 | 337.1869 | 5,683,959.57 |
All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom. Following the purchases, as of August 16, 2021, Millicom holds 312,964 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_081621
- Attachment - Breakdrown transactions week Aug 05_Aug 11 Nasdaq_081621
FAQ
What is the purpose of Millicom's share repurchase program?
How many shares did Millicom repurchase between August 5 and August 11, 2021?
What is the maximum amount allowed for Millicom's share repurchase program?
How many treasury shares does Millicom hold after the recent repurchases?
What impact does the share repurchase have on Millicom's stock price?
