Millicom files standard form for notification of major holdings

Rhea-AI Summary

Millicom International Cellular S.A. has filed a standard notification form with the CSSF regarding major holdings as of January 27, 2022. This includes ANNEX A, which details the Southeastern Flagging Funds holding up to 5.08%. As a prominent provider of mobile and fixed services in emerging markets, Millicom continues to expand its footprint in Latin America and Africa, serving approximately 44 million customers. The filing helps maintain compliance with regulatory requirements, ensuring transparency in ownership structures.

Positive

• Millicom's filing indicates transparency and compliance with regulations.
• Southeastern Flagging Funds now holds up to 5.08%, showing investor interest in Millicom.

Negative

• None.

News Market Reaction – TIGO

+2.44%

+2.44% Session move

In the trading session that priced this news, TIGO gained 2.44%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Millicom files standard form for notification of major holdings
Luxembourg, January 27, 2022 – Millicom International Cellular S.A. announced today the CSSF regulatory filing of the form:

• ANNEX A: Standard form for notification of major holdings (attachment)
  
  

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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 the end of September 2021, Millicom operating subsidiaries and joint ventures employ close to 21,000 people and provide mobile services to approximately 44 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 files standard form of major holdings012722
• 2022-01-27 Southeastern Flagging Funds up to 5.08%

FAQ

What is the recent major holdings notification filed by Millicom?

Millicom filed a standard notification form with the CSSF regarding major holdings, including details of Southeastern Flagging Funds holding up to 5.08% as of January 27, 2022.

How does Millicom's filing affect its stock TIGO?

The filing demonstrates compliance and transparency, which can positively influence investor confidence but may not have immediate significant direct impacts on stock performance.

What is the significance of the Southeastern Flagging Funds holding in Millicom?

The Southeastern Flagging Funds' holding of up to 5.08% indicates increased institutional interest and potential confidence in Millicom's future outlook.

When was Millicom's major holdings notification filed?

The notification was filed on January 27, 2022.