Remuneration of Executives by distribution of Millicom (Tigo) shares
Rhea-AI Summary
Millicom (Tigo) has announced the distribution of 650,605 treasury shares to eligible participants under its deferred share-based compensation plans. The distribution, approved at the company's 2022, 2023, and 2024 annual general meetings, includes 98,255 shares allocated to executive management.
Following this distribution, Millicom now holds 2,015,884 ordinary shares in treasury, with a total of 172,096,305 outstanding ordinary shares.
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News Market Reaction – TIGO
In the trading session that priced this news, TIGO gained 1.06%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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Remuneration of Executives by distribution of Millicom (Tigo) shares
Luxembourg, February 25, 2025 – Millicom International Cellular S.A. ("Millicom") announces that, in accordance with the vesting terms and conditions of its deferred share-based compensation plans, approved at Millicom’s 2022, 2023, and 2024 annual general meetings of shareholders, it has distributed 650,605 treasury shares to eligible plan participants, including 98,255 shares to its executive management. As a result, Millicom’s own holding of Millicom shares is 2,015,884 ordinary shares. The total amount of ordinary Millicom shares outstanding is 172,096,305.
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 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 of about 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.
