Millicom (Tigo) share repurchase activity

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Millicom (Tigo) recently engaged in a share repurchase program, acquiring 34,562 of its Swedish Depository Receipts (SDRs) between April 22, 2024, and April 26, 2024. The purchases were made at varying daily average prices, totaling in repurchase amounts detailed in the press release. Following the transactions, Millicom now holds 797,434 treasury shares out of 172,096,305 outstanding shares. The program aligns with regulatory guidelines, as specified in the press release.

Millicom (Tigo) share repurchase activity

Luxembourg, April 26, 2024 – Pursuant to the share repurchase program announced on December 15, 2023, Millicom repurchased 34,562 of its Swedish Depository Receipts (SDRs) between April 22, 2024 and April 26, 2024, as detailed in the table below.

Trade Date	Number of SDRs repurchased	Daily average price paid* (SEK)	Daily repurchase amount* (SEK)
04/22/2024	6,893	219.9929	1,516,411
04/23/2024	7,352	220.3734	1,620,185
04/24/2024	6,477	218.7674	1,416,956
04/25/2024	7,600	218.9974	1,664,380
04/26/2024	6,240	220.0519	1,373,124

* Excluding commissions

All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom. Following the purchases, Millicom holds 797,434 treasury shares as of April 26, 2024. The total number of shares outstanding in Millicom is 172,096,305. 

The repurchase program is being executed consistent with the provisions of Article 5 of MAR and the Commission Delegated Regulation No 2016/1052 (“Safe Harbour Regulation”). 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: http://www.nasdaqomx.com/transactions/markets/nordic/corporate-actions/stockholm/repurchases-of-own-shares

For further information, please contact:

Press: Sofía Corral, Communications Director press@millicom.com

Investors: Michel Morin, VP Investor Relations investors@millicom.com

About Millicom

Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) 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, 2023, Millicom, including its Honduras Joint Venture, employed approximately 16,500 people and provided mobile and fiber-cable services through its digital highways to more than 45 million customers, with a fiber-cable footprint over 13 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.

Attachment

• Week ending 04-26-24

FAQ

How many Swedish Depository Receipts did Millicom repurchase?

Millicom repurchased 34,562 of its Swedish Depository Receipts between April 22, 2024, and April 26, 2024.

What was the daily average price paid for the SDRs?

The daily average prices paid for the SDRs during the repurchase period varied, as detailed in the provided table.

Who conducted the share repurchase transactions on behalf of Millicom?

All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets

How many treasury shares does Millicom hold post the repurchase program?

As of April 26, 2024, Millicom holds 797,434 treasury shares.

What is the total number of outstanding shares in Millicom?

The total number of outstanding shares in Millicom is 172,096,305.

What regulations is the repurchase program being executed under?

The repurchase program is being executed in accordance with Article 5 of MAR and the Commission Delegated Regulation No 2016/1052.

Where can more information about the transactions be found?

For more information about all transactions carried out under the repurchase program, refer to Nasdaq Stockholm’s website.

Who can be contacted for press inquiries?

For press inquiries, contact Sofía Corral, Communications Director at press@millicom.com.

Who can be contacted for investor-related inquiries?

For investor-related inquiries, contact Michel Morin, VP Investor Relations at investors@millicom.com.