Millicom (Tigo) share repurchase activity
Rhea-AI Summary
Millicom (Tigo) has executed share repurchases of 400,689 Swedish Depository Receipts (SDRs) between December 9-13, 2024, as part of its repurchase program announced on November 29, 2024. The daily purchases ranged from 14,689 to 100,000 SDRs, with prices varying between SEK 270.24 and SEK 279.87 per share. The total investment across the five trading days amounted to approximately SEK 109.9 million.
All transactions were executed on Nasdaq Stockholm by Citigroup Global Markets Following these purchases, Millicom now holds 1,269,640 treasury shares, with the total number of outstanding shares standing at 172,096,305. The program complies with MAR Article 5 and Safe Harbour Regulation.
Positive
- Active share repurchase program demonstrates confidence in company value
- Systematic daily purchases indicate organized capital allocation strategy
- Building treasury stock position may provide future financial flexibility
Negative
- Significant cash outflow of SEK 109.9 million for share repurchases
- Declining daily share purchase prices from SEK 279.87 to SEK 270.24
News Market Reaction
On the day this news was published, TIGO gained 2.05%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Millicom (Tigo) share repurchase activity
Luxembourg, December 16, 2024 - Pursuant to the share repurchase program announced on November 29, 2024, Millicom repurchased 400,689 of its Swedish Depository Receipts (SDRs) between December 9, 2024, and December 13, 2024, as detailed in the table below.
| Trade Date | Number of SDRs repurchased | Daily average price paid* (SEK) | Daily repurchase amount* (SEK) |
| 12/9/2024 | 14,689 | 279.8674 | 4,110,972 |
| 12/10/2024 | 96,000 | 279.0228 | 26,786,189 |
| 12/11/2024 | 95,000 | 275.4552 | 26,168,244 |
| 12/12/2024 | 95,000 | 271.7572 | 25,816,934 |
| 12/13/2024 | 100,000 | 270.2359 | 27,023,590 |
* Excluding commissions
All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom. Following the purchases, Millicom holds 1,269,640 treasury shares as of December 13, 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”).
For information about all transactions carried out under the repurchase program, refer to Nasdaq Stockholm’s website:
https://www.nasdaq.com/european-market-activity/news/corporate-actions/repurchase-of-own-shares
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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, 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 September 30, 2024, Millicom, including its Honduras Joint Venture, employed approximately 15,000 people, and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint of about 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.
FAQ
How many SDRs did Millicom (TIGO) repurchase between December 9-13, 2024?
What was the price range for TIGO's SDR repurchases in December 2024?
How many treasury shares does Millicom (TIGO) hold as of December 13, 2024?
What is the total number of outstanding shares for Millicom (TIGO)?
Which institution executed TIGO's share repurchases on Nasdaq Stockholm?
