Millicom to repurchase own shares
Luxembourg, February 27, 2020 - On May 2, 2019, the Annual General Meeting of Shareholdersresolved to authorize's share capitalor of an associate company.
The repurchase program will be implemented in accordance with the Authorization, Nasdaq Stockholm's Rule Book for Issuers, and applicable law including the EU Market Abuse Regulation No 596/2014's shares independently of Millicom.
The repurchase program will be conducted under the following conditions:
1. Swedish Depository Receipts(hereinafter also referred to as shares), will be repurchased on Nasdaq Stockholm and in accordance with the rules governing purchases of own shares as stated in Nasdaq Stockholm's Rule Book for Issuers and in accordance with MAR and consistent with the provisions of Article 5 of MAR and the Safe Harbour Regulation.
2. Repurchases may take place during the period between 28 February 2020 and 5 May 2020.
3. Shares may be repurchased on Nasdaq Stockholm at a price per share within the registered interval for the share price prevailing at any time (the so-called spread), that is, the interval between the highest buying price and the lowest selling price.
4. Shares may be repurchased for a maximum total of SEK 107 million.
5. A maximum of 350,000 shares may be repurchased.
6. Payment for the shares will be made in cash.
As of the date of this press release, the total number of outstanding shares in Millicomis 101,739,217 of which 580,143 are held by Millicomas treasury shares. Completed acquisitions of own shares will be disclosed and reported in accordance with applicable laws and regulations as well as Nasdaq Stockholm's Rule Book for Issuers.
Complete information on the authorization resolved by the Annual General Meeting can be found on Millicom's website.
Inquiries should be sent to investors@millicom.com.
For further information, please contact
| Press: Vivian Kobeh, Corporate Communications Director +1 786 628 5300 press@millicom.com (mailto:press@millicom.com) | Investors: Michel Morin, VP Investor Relations +1 786 628 5270investors@millicom.com (mailto:investors@millicom.com) Sarah Inmon, Investor Relations Manager +1-786-628-5303investors@millicom.com (mailto:investors@millicom.com) |
About Millicom
Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of cable and mobile services dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing high-speed broadband and innovation around The Digital Lifestyle services through its principal brand, TIGO. As of December 31, 2019, Millicom operating subsidiaries and joint ventures employed more than 22,000 people and provided mobile services to approximately 52 million customers, with a cable footprint of more than 11 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg.
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