Millicom (Tigo) share repurchase activity
Rhea-AI Summary
Millicom (Tigo) has reported its latest share repurchase activity under the program announced on November 29, 2024. Between December 23-27, 2024, the company repurchased 83,477 Swedish Depository Receipts (SDRs), with 57,000 SDRs purchased at SEK 268.5452 per share on December 23, and 26,477 SDRs at SEK 270.4081 on December 27. The total investment amounts to approximately SEK 22.47 million, excluding commissions.
All transactions were executed on Nasdaq Stockholm by Citigroup Global Markets Following these purchases, Millicom now holds 1,808,117 treasury shares out of a total of 172,096,305 outstanding shares.
Positive
- Strategic share repurchase program actively being executed
- Company demonstrates financial capacity to conduct buybacks
- Potential positive impact on EPS through share count reduction
Negative
- Cash outflow of SEK 22.47 million for buyback reduces available capital
News Market Reaction
On the day this news was published, TIGO declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Millicom (Tigo) share repurchase activity
Luxembourg, December 30, 2024 - Pursuant to the share repurchase program announced on November 29, 2024, Millicom repurchased 83,477 of its Swedish Depository Receipts (SDRs) between December 23, 2024, and December 27, 2024, as detailed in the table below.
| Trade Date | Number of SDRs repurchased | Daily average price paid* (SEK) | Daily repurchase amount* (SEK) |
| 2024-12-23 | 57 000 | 268.5452 | 15 307 076 |
| 2024-12-27 | 26 477 | 270.4081 | 7 159 595 |
* Excluding commissions
All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom. Following the purchases, Millicom holds 1,808,117 treasury shares as of December 27, 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
-END-
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 shares did Millicom (TIGO) repurchase between December 23-27, 2024?
What was the average price paid per share in TIGO's December 2024 buyback?
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When did Millicom (TIGO) announce its current share repurchase program?
