Millicom’s Share Repurchase Activity: An In-depth Look
Millicom, a leading international telecommunications and media company, recently announced the results of its share repurchase program carried out between March 10 and March 14, 2025. In this blog post, we’ll delve into the details of Millicom’s share repurchase activity in Luxembourg, as reported on March 17, 2025.
Millicom’s Share Repurchase Program: The Numbers
During the aforementioned period, Millicom repurchased a total of 1,051,730 shares and Swedish Depository Receipts (SDRs). More specifically, the company bought 315,930 SDRs and 735,800 common shares. The table below provides a detailed breakdown of the repurchase activity:
Trade Date | Number of SDRs repurchased | Average price paid (SEK) | Repurchase amount (SEK) | Number of shares repurchased | Average price paid (USD) | Repurchase amount (USD) |
---|---|---|---|---|---|---|
2025-03-10 | 103 000 | 295.3982 | 30 426 015 | 161 700 | 29.1766 | 4 717 856 |
2025-03-11 | 102 930 | 301.0125 | 30 983 217 | 161 700 | 29.6205 | 4 789 635 |
2025-03-12 | 110 000 | 297.8792 | 32 766 712 | 161 700 | 29.8143 | 4 820 972 |
2025-03-13 | 161 700 | 29.6426 | 4 793 208 | |||
2025-03-14 | 90 000 | 30.2072 | 2 718 648 |
It’s important to note that the repurchase amounts above exclude commissions.
Millicom’s Share Repurchase Program: The Execution
All the purchases were executed on Nasdaq Stockholm and the Nasdaq Stock Market. Millicom partnered with Citigroup Global Markets Limited and Citigroup Global Markets Inc., respectively, to execute the trades on its behalf.
The Impact on Millicom
Millicom’s share repurchase program is an indication of the company’s confidence in its future prospects. By buying back its shares, Millicom reduces the number of outstanding shares, which can lead to an increase in earnings per share (EPS), assuming the company’s profits remain constant or increase. This can potentially boost the stock price, as investors may be willing to pay a higher price for each share due to the improved EPS.
The Impact on You
As an individual investor in Millicom, this share repurchase program could positively influence your investment if you own Millicom shares. The potential increase in EPS and subsequent stock price appreciation could result in higher capital gains or dividends if you hold onto your shares. However, it’s essential to remember that share prices can be influenced by various factors, and past performance is not always indicative of future results.
The Impact on the World
Millicom’s share repurchase program is a part of the larger trend of companies buying back their shares to boost their stock prices and improve their financial metrics. This trend can have broader implications for the global economy. Some argue that share buybacks can artificially inflate stock prices, potentially leading to market instability. Others believe that buybacks can help companies attract and retain talent and invest in research and development, ultimately contributing to economic growth.
Conclusion
In conclusion, Millicom’s share repurchase program, carried out between March 10 and March 14, 2025, involved the purchase of 1,051,730 shares and Swedish Depository Receipts (SDRs). The program’s execution on Nasdaq Stockholm and the Nasdaq Stock Market, through Citigroup Global Markets Limited and Citigroup Global Markets Inc., led to a reduction in the number of outstanding shares and potentially improved earnings per share. For individual investors, this could result in higher capital gains or dividends. However, the broader implications of share buybacks on the global economy remain a topic of debate.
As always, it’s crucial to remember that investing involves risks, and past performance is not a guarantee of future results. Stay informed and make informed decisions based on thorough research and a solid understanding of the market.
- Millicom repurchased 1,051,730 shares and SDRs between March 10 and March 14, 2025.
- The repurchases were executed on Nasdaq Stockholm and the Nasdaq Stock Market.
- The program led to a reduction in the number of outstanding shares, potentially improving earnings per share.
- Individual investors may benefit from higher capital gains or dividends.
- The broader implications of share buybacks on the global economy are a topic of debate.