Repurchase of shares in Millicom

2021-09-24 23:00:00

Repurchase of shares in Millicom

Luxembourg, September 24, 2021 - During the period September 16, 2021 – September 22, 2021, Millicom repurchased a total of 122,612 of its Swedish Depository Receipts (SDRs), hereinafter referred to as shares within the framework of the repurchase program announced on July 29, 2021 (the Repurchase Program), 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
16/09/2021 17,000 315.2166                            5,358,682.20
17/09/2021 13,000 316.9849                            4,120,803.70
20/09/2021 47,000 310.3055                           14,584,358.50
21/09/2021 22,000 312.2228                            6,868,901.60
22/09/2021 23,612 311.9609                            7,366,020.77

All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom. Following the purchases, as of September 22, 2021, Millicom holds 915,037 treasury shares and has repurchased 739,438 shares under the Repurchase Program. The total number of shares outstanding in Millicom is 101,739,217.

  1. The repurchase program is being executed consistent with the provisions of Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 (“Safe Harbor Regulation”).
  2. 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.

 

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