Notification of transaction by an Officer of Millicom (Tigo)

Rhea-AI Summary

Millicom (Tigo) has announced that its Chief Legal and Compliance Officer, Salvador Escalon, executed a stock transaction under an existing 10b5-1 plan on February 27, 2025. Escalon sold 10,991 shares in the open market at an average price of $28.8473 per share. Following this transaction, Escalon maintains ownership of 151,410 shares in the company. The transaction details have been documented in the personal trading section of Millicom's website.

Notification of transaction by an Officer of Millicom (Tigo) 

Luxembourg, March 1, 2025 – Millicom International Cellular S.A. ("Millicom" or the “Company”) announces that, on February 27, 2025, under an existing 10b5-1 plan, Mr. Salvador Escalon, Chief Legal and Compliance Officer, sold 10,991 Millicom shares in the open market at an average price of $28.8473 per share. As a result, Salvador Escalon currently owns 151,410 shares.

Details of the transaction are recorded on the personal trading section of Millicom’s website. 

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

FAQ

How many Millicom (TIGO) shares did Salvador Escalon sell on February 27, 2025?

Salvador Escalon sold 10,991 TIGO shares at an average price of $28.8473 per share.

What is Salvador Escalon's remaining share ownership in Millicom (TIGO) after the February 2025 sale?

After the transaction, Salvador Escalon owns 151,410 TIGO shares.

Under what type of trading plan was the Millicom (TIGO) stock sale executed?

The sale was executed under an existing 10b5-1 plan.

What was the total value of TIGO shares sold by Salvador Escalon in February 2025?

The total value was approximately $317,068 (10,991 shares at $28.8473 per share).