Revamping Repurchases: Millicom Tigo’s Latest Share Buyback Endeavor

Millicom (Tigo) share repurchase activity

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, as detailed in the table below.

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.

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Impact on Me:

The share buyback by Millicom Tigo may have a positive impact on me as a shareholder, as it can potentially increase the value of my remaining shares by reducing the total number of outstanding shares in the market. This could lead to an increase in earnings per share and potentially boost the company’s stock price in the future.

Impact on the World:

On a larger scale, the share buyback endeavor by Millicom Tigo may signal confidence in the company’s performance and financial stability, which could have a positive impact on the global market sentiment towards the telecommunications industry. This could attract more investors to the sector and contribute to overall market growth and stability.

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Conclusion:

In conclusion, Millicom’s latest share buyback endeavor is a strategic move aimed at enhancing shareholder value and signaling confidence in the company’s future prospects. This activity not only has the potential to benefit individual shareholders like me but also has broader implications for the global telecommunications industry and market sentiment.