Notification of transaction by a closely associated person of a Director of Millicom (Tigo)

Rhea-AI Summary

Millicom (Tigo) announced that Atlas S.A.S., a closely associated person with board member Jules Niel, acquired 344,797 Swedish Depository Receipts (SDRs) on March 17, 2025. The transaction was executed on Nasdaq Stockholm at an average price of SEK 299.77 per SDR.

The acquisition was conducted through an investment bank mandate to ensure compliance with insider trading regulations, with investment decisions made without access to material non-public information. While Jules Niel holds no direct shares in Millicom, he is part of the Niel family group that beneficially owns Atlas.

Positive

• Significant insider purchase of 344,797 SDRs indicates confidence from parties closely associated with board member

Negative

• None.

Notification of transaction by a closely associated person of a Director of Millicom (Tigo)

Luxembourg, March 20, 2025 – Millicom International Cellular S.A. ("Millicom") announces that, on March 17, 2025, Atlas S.A.S. (”Atlas”) a person closely associated (”PCA”) with Jules Niel, a member of Millicom’s Board of Directors, informed that it acquired 344,797 Millicom Swedish Depository Receipts (SDRs) in Nasdaq Stockholm (the “Acquisition”) at an average price of SEK 299.77 per SDR.

The Acquisition by Atlas was made via a mandate given to an investment bank to purchase SDRs on behalf and for the account of the PCA, ensuring that individuals making investment decisions do not have access to material non-public information.

Mr. Jules Niel does not directly hold any Millicom shares, but he is a member of the Niel family group, which beneficially own Atlas.

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 of about 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.

FAQ

How many Millicom (TIGO) SDRs did Atlas S.A.S. acquire in March 2025?

Atlas S.A.S. acquired 344,797 Millicom SDRs on March 17, 2025.

What was the purchase price per SDR in Atlas's acquisition of TIGO shares?

The average purchase price was SEK 299.77 per SDR.

How is Atlas S.A.S. connected to Millicom (TIGO) board member Jules Niel?

Atlas S.A.S. is beneficially owned by the Niel family group, of which Jules Niel is a member.

How did Atlas S.A.S. execute its TIGO SDR purchase to ensure compliance?

The acquisition was made through an investment bank mandate to ensure investment decisions were made without access to material non-public information.