Millicom (Tigo) Share Repurchase Activity In December 2024

Share Repurchase Details

Luxembourg, December 16, 2024 – Pursuant to the share repurchase program announced on November 29, 2024, Millicom repurchased 400,689 of its Swedish Depository Receipts (SDRs) between December 9, 2024, and December 13, 2024.

Trade Date – Number of SDRs repurchased – Daily Average Price Paid (SEK) – Daily Repurchase Amount (SEK)

12/9/2024 – 14,689 – 279.8674 – 4,110,972

12/10/2024 – 96,000 – 279.0228 – 26,786,189

12/11/2024 – 95,000 – 275.4552 – 26,168,244

12/12/2024 – 95,000 – 271.7572 – 25,816,934

12/13/2024 – 100,000 – 270.2359 – 27,023,590

* Excluding commissions All purchases were carried out on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom.

Now, let’s dive deeper into what this share repurchase activity means for both you and the world.

How Will This Affect Me?

As an investor in Millicom, the share repurchase activity could potentially impact you in a few ways. The repurchase of SDRs typically signals that a company believes its stock is undervalued, leading to an increase in shareholder value. Additionally, the reduction in the number of outstanding shares could result in a higher earnings per share for existing shareholders.

How Will This Affect the World?

While the share repurchase activity may not have a direct impact on the world at large, it does reflect Millicom’s confidence in its own financial stability and growth potential. This can have a positive ripple effect on the overall market sentiment, potentially boosting investor confidence and encouraging economic growth.

Conclusion

In conclusion, Millicom’s share repurchase activity in December 2024 showcases the company’s commitment to creating value for its shareholders and confidence in its future prospects. Whether you’re an investor or simply observing from the sidelines, it’s always interesting to see how these strategic moves play out in the market.