Millicom Intl Cellular S A Stock Price, News & Analysis

Millicom (TIGO) has amended the general terms and conditions for its Swedish Depository Receipts (SDRs) concerning shares of Millicom International Cellular S.A. This change, effective February 28, 2022, includes the appointment of Broadridge Corporate Issuer Solutions, Inc. as the new transfer agent in the U.S., replacing American Stock Transfer & Trust Company, LLC. Additionally, the name of the Swedish stock exchange has changed from NASDAQ OMX Stockholm to Nasdaq Stockholm AB. No action is required from SDR holders.

Millicom (TIGO) has submitted a standard form for notification of major holdings to the CSSF, dated March 24, 2022. This filing includes ANNEX A, which details the notification related to Swedbank’s holdings of up to 5.04% in Millicom. The attached document provides further insights into the holdings and regulatory compliance. Millicom, a prominent telecommunications provider in Latin America and Africa, continues to expand its services, reaching approximately 58 million customers with a fiber-cable footprint covering over 12 million homes.

Millicom International Cellular S.A. has filed a standard form for notification of major holdings with the CSSF. This filing is part of regulatory compliance that informs about the significant changes in share ownership. The attached documents include the ANNEX A detailing the notification.

As a key provider of telecommunications services in Latin America and Africa, Millicom serves around 58 million customers and employs approximately 21,000 people. This step is crucial for maintaining transparency in shareholder interests.

The Annual General Meeting (AGM) of Millicom International Cellular S.A. is set for May 4, 2022, at 2:00 PM CET, to be held virtually. Shareholders can vote by proxy only, with a deadline of April 28, 2022, for submissions. Key agenda items include approving the management and auditor reports for 2021, electing directors, and discussing the Share Repurchase Plan. Additionally, the AGM will address the remuneration policies for directors and senior management. As of March 15, 2022, Millicom had 101,739,217 outstanding shares, with no quorum required for the AGM.

The Annual General Meeting (AGM) of Millicom International Cellular S.A. will be held virtually on May 4, 2022, at 2:00 PM CET, due to COVID-19 precautions. Key agenda items include approval of the 2021 annual accounts, election of directors, and the Share Repurchase Plan. Notably, Millicom reported a profit of USD 204.8 million for the fiscal year 2021. The AGM will also address director remuneration and vote on the 2021 Remuneration Report. Shareholders are encouraged to vote by proxy, with deadlines for submissions set for April 28, 2022.

Millicom (TIGO) has released its 2021 Annual Report, highlighting strong performance and commitment to connectivity across Latin America. The report shows a 10.7% revenue increase to $4.6 billion and an addition of 3.1 million mobile customers. Millicom emphasized its ESG framework initiatives, including plans to reduce greenhouse gas emissions and support digital literacy among vulnerable children through a partnership with Fundación Real Madrid. The company's success is attributed to its inclusive culture, recognized in the Great Place to Work survey.

Millicom (TIGO) has released its 2021 Annual Report, emphasizing its dedication to connectivity in emerging markets, particularly in Latin America. The report highlights a 10.7% revenue increase to $4.6 billion and substantial customer growth, adding 3.1 million mobile and 415,000 HFC home customers. CEO Mauricio Ramos noted the company's resilience and improved ESG framework, including commitments to reduce greenhouse gas emissions. Additionally, 112,737 teachers and 158,881 women were trained through digital inclusion programs.

Millicom International Cellular S.A. held an Extraordinary General Meeting of Shareholders on February 28, 2022, which approved all proposed resolutions by the Board of Directors. The authorized capital increased from USD 199,999,800 to USD 300,000,000, facilitating the issuance of 200,000,000 shares at a par value of USD 1.50 each. This decision aligns with the company’s strategic financial goals and regulatory requirements under the 1915 Law, indicating a significant move in their capital structure.

Millicom announced the distribution of 52,895 treasury shares to its executive management team as part of its deferred share-based compensation plans, approved during the annual general meetings from 2019 to 2021. This action aligns with the company's commitment to reward its executives under the terms set in those plans. Further details regarding the share distribution are available on Millicom’s official website. The company, which operates under the TIGO brand, provides telecommunications services across Latin America and Africa.