Millicom (Tigo) Share Repurchase Activity
December 23, 2024
On November 29, 2024, Millicom announced a share repurchase program, and between December 16, 2024, and December 20, 2024, the company repurchased 455,000 of its Swedish Depository Receipts (SDRs). The details of the repurchase activity are outlined below:
| Trade Date | Number of SDRs Repurchased | Daily Average Price Paid* (SEK) | Daily Repurchase Amount* (SEK) |
|---|---|---|---|
| 2024-12-16 | 105,000 | 270.5982 | 28,412,811 |
| 2024-12-18 | 115,000 | 271.8625 | 31,264,188 |
| 2024-12-19 | 115,000 | 269.9605 | 31,045,458 |
| 2024-12-20 | 120,000 | 268.5334 | 32,224,008 |
* Excluding commissions
All repurchases were conducted on Nasdaq Stockholm by Citigroup Global Markets Limited on behalf of Millicom.
Impact on Individuals
Based on the share repurchase activity, existing shareholders may see an increase in the company’s stock price due to the decrease in outstanding shares. This could potentially lead to higher returns for investors holding Millicom shares.
Impact on the World
Millicom’s share repurchase activity reflects its confidence in the company’s financial position and future prospects. This could have a positive impact on the overall market sentiment towards the telecom industry, potentially influencing other companies to consider similar buyback programs.
Conclusion
The share repurchase activity undertaken by Millicom demonstrates the company’s commitment to enhancing shareholder value and its confidence in the business moving forward. This strategic move could have a significant impact on both individual investors and the global telecommunications market.
