Millicom (Tigo) share repurchase activity
Rhea-AI Summary
Millicom (Tigo) has completed a series of share repurchases between December 2-6, 2024, acquiring 277,905 Swedish Depository Receipts (SDRs). The purchases were executed on Nasdaq Stockholm by Citigroup Global Markets , with daily prices ranging from SEK 270.44 to SEK 282.85. The largest single-day purchase was 92,000 SDRs on December 2, while the smallest was 20,097 SDRs on December 5.
Following these transactions, Millicom now holds 868,951 treasury shares out of a total of 172,096,305 outstanding shares. The repurchase program was initially announced on November 29, 2024, and all transactions were conducted on Nasdaq Stockholm.
Positive
- Strategic share repurchase program implementation shows confidence in company value
- Acquisition of 277,905 SDRs demonstrates significant buyback execution
- Company maintains strong treasury position with 868,951 shares
Negative
- Significant cash outflow of approximately SEK 76.9 million for share repurchases
- Reduction in company's available cash reserves
News Market Reaction
On the day this news was published, TIGO declined 0.36%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Millicom (Tigo) share repurchase activity
Luxembourg, December 9, 2024 - Pursuant to the share repurchases announced on November 29, 2024, Millicom repurchased 277,905 of its Swedish Depository Receipts (SDRs) between December 2, 2024, and December 6, 2024, as detailed in the table below.
| Trade Date | Number of SDRs repurchased | Daily average price paid* (SEK) | Daily repurchase amount* (SEK) |
| 12/2/2024 | 92,000 | 270.4372 | 24,880,222 |
| 12/3/2024 | 90,990 | 277.8241 | 25,279,215 |
| 12/4/2024 | 74,818 | 281.1744 | 21,036,906 |
| 12/5/2024 | 20,097 | 282.8504 | 5,684,444 |
* Excluding commissions
All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom. Following the purchases, Millicom holds 868,951 treasury shares as of December 6, 2024. The total number of shares outstanding in Millicom is 172,096,305.
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 shares did Millicom (TIGO) repurchase between December 2-6, 2024?
What was the price range for TIGO's share repurchases in December 2024?
How many treasury shares does Millicom (TIGO) hold as of December 6, 2024?
Which institution executed the share repurchases for Millicom (TIGO)?
