SEB informs Millicom (Tigo) it has completed the sale of shares

Rhea-AI Summary

Millicom (Tigo) has received confirmation from SEB regarding the completion of share sales following its Swedish Depositary Receipts (SDRs) delisting from Nasdaq Stockholm on March 17, 2025. SEB, acting as the SDR program custodian bank, has successfully sold approximately 5,110,103 shares that remained unclaimed by SDR holders after the delisting process.

The company's common shares are now exclusively listed on the Nasdaq Stock Market in the United States. Former SDR holders are expected to receive their pro-rata distribution of the net proceeds from these sales in early May.

Positive

• Successful completion of SDR delisting process
• Streamlined trading structure with single exchange listing

Negative

• None.

SEB informs Millicom (Tigo) it has completed the sale of shares

Luxembourg, April 23, 2025 – Millicom International Cellular S.A. (“Millicom”) completed the delisting of its Swedish Depositary Receipts (SDRs) from Nasdaq Stockholm on March 17, 2025, resulting in the Nasdaq Stock Market in the United States being the sole exchange where its common shares are listed.

SEB, the SDR program custodian bank, informed Millicom today that it has completed the sale of approximately 5,110,103 shares underlying the SDRs that had not been withdrawn by the SDR holders prior to the delisting. Net proceeds from the sales are expected to be distributed pro rata to these former SDR holders in early May.

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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) 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, with principal executive offices in Doral, Florida.

FAQ

What happened to Millicom TIGO's Swedish Depositary Receipts after delisting from Nasdaq Stockholm?

After delisting on March 17, 2025, SEB (custodian bank) sold approximately 5.1 million unclaimed shares, with proceeds to be distributed to former SDR holders in early May.

When will former TIGO SDR holders receive their proceeds from the share sale?

Former SDR holders are expected to receive their pro-rata distribution of the net proceeds in early May 2025.

How many TIGO shares were sold by SEB following the Nasdaq Stockholm delisting?

SEB sold approximately 5,110,103 shares that were not withdrawn by SDR holders prior to the delisting.

Where are Millicom TIGO shares currently listed after the Nasdaq Stockholm delisting?

Millicom shares are now exclusively listed on the Nasdaq Stock Market in the United States.