Remuneration of Executives by distribution of Millicom (Tigo) shares

Rhea-AI Summary

Millicom International Cellular S.A. distributes shares to executives as part of its performance share-based compensation plan. The company allocated 158,934 shares to eligible participants, including executive management, following the terms set at the 2021 annual general meeting of shareholders. For more details, visit Millicom's website.

Remuneration of Executives by distribution of Millicom (Tigo) shares

Luxembourg, March 27, 2024 – Millicom International Cellular S.A. ("Millicom") announces that, in accordance with the vesting terms and conditions of its performance share-based compensation plan, approved at Millicom’s 2021 annual general meeting of shareholders, it has distributed treasury shares to eligible plan participants, including 158,934 shares to its executive management.

Details of the distributions are disclosed on 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, 2023, Millicom, including its Honduras Joint Venture, employed approximately 16,500 people and provided mobile and fiber-cable services through its digital highways to more than 45 million customers, with a fiber-cable footprint over 13 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.

What is the reason behind the distribution of shares by Millicom International Cellular S.A.?

Millicom distributed shares to executives as part of its performance share-based compensation plan.

How many shares were allocated to eligible participants, including executive management?

A total of 158,934 shares were allocated to eligible participants, including executive management.

Where can further details about the share distribution be found?

For more details, visit Millicom's website.