Notification of transaction by Directors of Millicom (Tigo)
Rhea-AI Summary
Millicom (Tigo) has announced that three of its directors received shares in Atlas Investissement ('Atlas'), a major indirect shareholder of the company, on January 11, 2025. This share distribution was part of an Atlas incentive program established on January 11, 2024.
The recipients and their allocations were:
- Maxime Lombardini, Chair of the Board of Directors - 11 Atlas shares
- Jules Niel, Director - 2 Atlas shares
- Pierre-Emmanuel Durand, Director - 11 Atlas shares
The transaction details have been recorded in the personal trading section of Millicom's website.
Positive
- Strategic alignment of directors' interests with major shareholder through share-based incentives
Negative
- None.
News Market Reaction – TIGO
In the trading session that priced this news, TIGO gained 0.37%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Notification of transaction by Directors of Millicom (Tigo)
Luxembourg, January 15, 2025 – Millicom International Cellular S.A. ("Millicom" or the “Company”) announces that, on January 11, 2025, three directors of Millicom received shares of Atlas Investissement (”Atlas”), a major indirect shareholder of the Company, pursuant to an incentive program offered by Atlas, dated January 11, 2024, as follows:
- Maxime Lombardini, Chair of the Board of Directors of Millicom, received 11 Atlas shares
- Jules Niel, Director of Millicom, received 2 Atlas shares
- Pierre-Emmanuel Durand, Director of Millicom, received 11 Atlas 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 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 over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.
