Millicom (Tigo) share repurchase activity
Luxembourg, January 13, 2025 - Pursuant to the share repurchase program announced on November 29, 2024, Millicom repurchased 400,821 of its Swedish Depository Receipts (SDRs) and 146,632 of its common shares between January 6, 2025, and January 10, 2025, as detailed in the table below.
| Exchange | Nasdaq Stockholm | Nasdaq Stock Market | ||||
| Trade Date | Number of SDRs repurchased | Average price paid* (SEK) | Repurchase amount* (SEK) | Number of shares repurchased | Average price paid* (USD) | Repurchase amount* (USD) |
| 2025-01-06 | 36 700 | 24.9620 | 916 105 | |||
| 2025-01-07 | 101 821 | 273.0227 | 27 799 444 | 36 700 | 25.0157 | 918 076 |
| 2025-01-08 | 100 000 | 277.3668 | 27 736 680 | 36 532 | 24.7171 | 902 965 |
| 2025-01-09 | 99 000 | 275.0214 | 27 227 119 | |||
| 2025-01-10 | 100 000 | 267.0256 | 26 702 560 | 36 700 | 23.9353 | 878 426 |
All purchases were carried out on Nasdaq Stockholm and on the Nasdaq Stock Market by Citigroup Global Markets Limited and Citigroup Global Markets Inc. respectively, on behalf of Millicom. Following the repurchases, Millicom held 2,519,830 treasury shares as of January 10, 2025. The total number of shares outstanding in Millicom is 172,096,305. 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”). Further information about SDR repurchases is available on Nasdaq Stockholm's website:
https://www.nasdaq.com/european-market-activity/news/corporate-actions/repurchase-of-own-shares
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For further information, please contact:
| Press: Sofía Corral, Director Corporate Communications | Investors:
Michel Morin, VP Investor Relations |
Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile telecommunications services in Latin America. Through our TIGO® and Tigo Business® brands, we provide a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of September 30, 2024, Millicom, including its Honduras Joint Venture, employed approximately 15,000 people, and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint of about 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.
