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Millicom International Cellular S.A. Share Repurchase Report - January 2025 Insights

$TIGO
Form 6-K
Filed on: 2025-01-13
Source
Millicom International Cellular S.A. Share Repurchase Report - January 2025 Insights

Here are the key insights extracted from the financial report of Millicom International Cellular S.A. (SEC Form 6-K) dated January 13, 2025:

  1. Share Repurchase Activity:
  • Millicom announced that they repurchased a total of 400,821 Swedish Depository Receipts (SDRs) and 146,632 common shares from January 6, 2025, to January 10, 2025.
  • This activity is part of a share repurchase program initiated on November 29, 2024.
  1. Repurchase Details:
  • The report includes a detailed table outlining:
    • Trade dates,
    • Number of SDRs and shares repurchased,
    • Average price paid in SEK and USD,
    • Total repurchase amounts in both currencies.
  1. Total Shares Outstanding:
  • Following the repurchases, Millicom held a total of 2,519,830 treasury shares.
  • The total number of shares outstanding for Millicom is 172,096,305.
  1. Compliance:
  • The repurchase program is being executed in accordance with the provisions of Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 ("Safe Harbour Regulation").
  1. Brokerage:
  • The repurchases were conducted through Citigroup Global Markets Limited and Citigroup Global Markets Inc., acting on behalf of Millicom, on Nasdaq Stockholm and the Nasdaq Stock Market.
  1. Further Information:
  • Additional details regarding SDR repurchases can be found on the Nasdaq Stockholm website.
  1. Company Overview:
  • Millicom is a leading telecommunications provider in Latin America, offering a variety of digital services through its TIGO brands.
  • As of September 30, 2024, the company employed approximately 15,000 people and served over 46 million customers.
  1. Contact Information:
  • For further inquiries, press contacts, and investor relations details are provided, including the names and email addresses of relevant personnel.

This report highlights Millicom's strategic efforts in managing its capital through share repurchases while also ensuring compliance with regulatory frameworks.