Millicom International Cellular S.A. Reports $108M Share Buyback in December 2024

Key Information from the Financial Report (Form 6-K)

Company Overview:

Name: Millicom International Cellular S.A.
Commission File Number: 001-38763
Headquarters: 148-150, Boulevard de la Pétrusse, L-2330 Luxembourg

Report Context:

Report Type: Form 6-K
Period Covered: December 2024
Filing Date: December 17, 2024

Share Repurchase Activity:

Program Announcement Date: November 29, 2024
Total Shares Repurchased: 400,689 Swedish Depository Receipts (SDRs)
Repurchase Dates: December 9, 2024, to December 13, 2024

Repurchase Details:
| Trade Date | Number of SDRs Repurchased | Daily Average Price (SEK) | Daily Repurchase Amount (SEK) |
|--------------|----------------------------|----------------------------|---------------------------------|
| 12/09/2024 | 14,689 | 279.8674 | 4,110,972 |
| 12/10/2024 | 96,000 | 279.0228 | 26,786,189 |
| 12/11/2024 | 95,000 | 275.4552 | 26,168,244 |
| 12/12/2024 | 95,000 | 271.7572 | 25,816,934 |
| 12/13/2024 | 100,000 | 270.2359 | 27,023,590 |

Total Treasury Shares Held Post-Repurchase: 1,269,640
Total Shares Outstanding: 172,096,305

Compliance and Regulations:

The share repurchase program is compliant with Article 5 of the Market Abuse Regulation (MAR) and the Commission Delegated Regulation No 2016/1052 ("Safe Harbour Regulation").

Additional Information:

All repurchases were executed on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom.
For further details on transactions conducted under the repurchase program, stakeholders are directed to Nasdaq Stockholm’s website.

Company Profile (as of September 30, 2024):

Industry: Telecommunications
Brands: TIGO® and Tigo Business®
Employees: Approximately 15,000
Customer Base: Over 46 million customers
Fiber-Cable Footprint: About 14 million homes passed

Contact Information:

Press Contact: Sofía Corral, Director Corporate Communications, press@millicom.com
Investor Contact: Michel Morin, VP Investor Relations, investors@millicom.com

Insight:

Millicom's active share repurchase program suggests a commitment to enhancing shareholder value, potentially reflecting confidence in the company's future performance. The significant volume of shares repurchased during the specified period indicates strategic financial management, possibly in response to favorable market conditions or to counteract stock price underperformance.