Millicom (Tigo) completes delisting from Nasdaq Stockholm and SEB informs Millicom of its intent to initiate the sale of shares not withdrawn from SDR program
Rhea-AI Summary
Millicom (Tigo) has completed its delisting from Nasdaq Stockholm, with the final trading day occurring on March 17, 2025. As of March 24, 2025, SEB, the custodian bank for Swedish Depositary Receipts (SDRs), reported that holders of SDRs representing approximately 5,110,103 underlying common shares had not completed the necessary steps to withdraw their shares.
In accordance with SDR terms and conditions, SEB will initiate the sale of these common shares on behalf of the holders who have not withdrawn their shares. The company has made detailed information about the delisting process available through previous press releases and on their website's dedicated 'Nasdaq Stockholm Delisting & Interim Dividend' section.
Positive
- Successful completion of planned delisting process from Nasdaq Stockholm
Negative
- Approximately 5.1 million shares remain unconverted, requiring forced liquidation
News Market Reaction 1 Alert
On the day this news was published, TIGO gained 0.51%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Millicom (Tigo) completes delisting from Nasdaq Stockholm and SEB informs Millicom of its intent to initiate the sale of shares not withdrawn from SDR program
Luxembourg, March 24, 2025 – Millicom International Cellular S.A. (“Millicom”), has completed the delisting of its Swedish Depositary Receipts (SDRs) from Nasdaq Stockholm, in line with previous communications. The last day of trading was March 17, 2025.
As of March 24, 2025, SEB, the custodian bank for SDRs, informed Millicom that holders of SDRs representing approximately 5,110,103 underlying common shares had not taken all the steps needed to withdraw the shares underlying their SDRs(1). In compliance with the SDR terms and conditions and as previously announced, SEB will soon commence sales of these common shares on behalf of such holders.
Further information on the delisting process is available in Millicom’s previous press releases. Additional information is also available on the “Nasdaq Stockholm Delisting & Interim Dividend” section of Millicom’s webpage:
https://www.millicom.com/investors/Nasdaq_Stockholm_Delisting_and_Interim_Dividend
Note: (1) for clarity, previous press releases and documents used the phrase “conversion of SDRs into Millicom U.S. Shares” to describe the withdrawal of the common shares underlying their SDRs, pursuant to the SDR terms and conditions available at: https://ww2-cdn.tigocloud.net/Millicom_General_Terms_and_Conditions_SDR_Consolidated_2022_02a125e16d.pdf
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For further information, please contact
| Press: Sofía Corral, Director Corporate Communications press@millicom.com | Investors: Michel Morin, VP Investor Relations investors@millicom.com |
About Millicom
Millicom (NASDAQ U.S.: TIGO) 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 December 31, 2024, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.
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