AGÕæÈ˹ٷ½

STOCK TITAN

Millicom (Tigo) cancels 3,096,305 treasury shares

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Millicom (TIGO) has announced the cancellation of 3,096,305 treasury shares following approval from its Board of Directors. This decision was authorized by the extraordinary general meeting of shareholders on May 21, 2025, and aligns with the share repurchase plan approved at the annual general meeting on May 23, 2024.

As a result of this cancellation, Millicom's issued share capital will be reduced to USD 253,500,000, represented by 169,000,000 shares with a par value of USD 1.50 each. The company's articles of association Article 5 will be amended to reflect these changes.

Millicom (TIGO) ha annunciato la cancellazione di 3.096.305 azioni proprie a seguito dell'approvazione del Consiglio di Amministrazione. Questa decisione è stata autorizzata dall'assemblea straordinaria degli azionisti il 21 maggio 2025 e si allinea al piano di riacquisto di azioni approvato nell'assemblea ordinaria del 23 maggio 2024.

Di conseguenza, il capitale sociale di Millicom sarà ridotto a 253.500.000 USD, rappresentato da 169.000.000 azioni con un valore nominale di 1,50 USD ciascuna. L'articolo 5 dello statuto sociale sarà modificato per riflettere tali cambiamenti.

Millicom (TIGO) ha anunciado la cancelación de 3.096.305 acciones en tesorería tras la aprobación de su Junta Directiva. Esta decisión fue autorizada por la junta general extraordinaria de accionistas el 21 de mayo de 2025 y está alineada con el plan de recompra de acciones aprobado en la junta general anual del 23 de mayo de 2024.

Como resultado de esta cancelación, el capital social emitido de Millicom se reducirá a 253.500.000 USD, representado por 169.000.000 acciones con un valor nominal de 1,50 USD cada una. El artículo 5 de los estatutos de la compañía será modificado para reflejar estos cambios.

밀리콤 (TIGO)ëŠ� ì´ì‚¬íš� 승ì¸ì—� ë”°ë¼ 3,096,305ì£¼ì˜ ìžì‚¬ì£�ë¥� 취소한다ê³� 발표했습니다. ì� ê²°ì •ì€ 2025ë…� 5ì›� 21ì� 주주 임시ì´íšŒì—서 승ì¸ë˜ì—ˆìœ¼ë©°, 2024ë…� 5ì›� 23ì� ì—°ë¡€ 주주ì´íšŒì—서 승ì¸ë� ìžì‚¬ì£� 매입 계íšê³� ì¼ì¹˜í•©ë‹ˆë‹�.

ì´ë²ˆ 취소ë¡� ì¸í•´ 밀리콤ì� 발행 ìžë³¸ê¸ˆì€ 2ì–� 5,350ë§� 달러ë¡� ê°ì†Œí•˜ë©°, ì•¡ë©´ê°€ 1.50달러ì� 1ì–� 6,900ë§� ì£�ë¡� 구성ë©ë‹ˆë‹�. 회사 ì •ê´€ ì �5ì¡°ë„ ì´ëŸ¬í•� ë³€ê²� 사항ì� ë°˜ì˜í•˜ë„ë¡� 수정ë� 예정입니ë‹�.

Millicom (TIGO) a annoncé l'annulation de 3 096 305 actions propres suite à l'approbation de son conseil d'administration. Cette décision a été autorisée lors de l'assemblée générale extraordinaire des actionnaires le 21 mai 2025, conformément au plan de rachat d'actions approuvé lors de l'assemblée générale annuelle du 23 mai 2024.

En conséquence, le capital social émis de Millicom sera réduit à 253 500 000 USD, représenté par 169 000 000 actions d'une valeur nominale de 1,50 USD chacune. L'article 5 des statuts de la société sera modifié pour refléter ces changements.

Millicom (TIGO) hat die Stornierung von 3.096.305 eigenen Aktien bekannt gegeben, nachdem der Vorstand zugestimmt hat. Diese Entscheidung wurde auf der außerordentlichen Hauptversammlung der Aktionäre am 21. Mai 2025 genehmigt und steht im Einklang mit dem Aktienrückkaufplan, der auf der ordentlichen Hauptversammlung am 23. Mai 2024 beschlossen wurde.

Durch diese Stornierung wird das ausgegebene Grundkapital von Millicom auf 253.500.000 USD reduziert, vertreten durch 169.000.000 Aktien mit einem Nennwert von jeweils 1,50 USD. Artikel 5 der Satzung des Unternehmens wird entsprechend geändert.

Positive
  • None.
Negative
  • Reduction in the company's total capital base
  • Decreased market liquidity due to fewer shares in circulation

Millicom (Tigo) cancels 3,096,305 treasury shares

Luxembourg, May 21, 2025 � The Board of Directors of Millicom International Cellular S.A. (�� or the “Company�) approved the cancellation of 3,096,305 shares that will not be used for compensation programs,  pursuant to the authorization granted by the extraordinary general meeting of shareholders held today and the share repurchase plan approved by the annual general meeting of shareholders held on May 23, 2024. As a result, the Company’s issued share capital will be reduced to USD 253,500,000, represented by 169,000,000� shares.

Article 5 of the articles of association of Millicom will be amended as follows:

"The Company has an issued capital of two hundred and fifty-three million five hundred thousand United States dollars (USD 253,500,000) represented by one hundred and sixty-nine million (169,000,000) shares with a par value of one United States dollar and fifty cents (USD 1.50) each, fully paid-in.�

-END-

For further information, please contact:

Press: Investors:
Sofia Corral, Director Corporate Communications
[email protected]
Michel Morin, VP Investor Relations
[email protected]

About Millicom
Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America. Through its TIGO® and Tigo Business® brands, the company provides a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of March 31, 2025, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg with principal executive offices in Doral, Florida.


FAQ

How many shares did Millicom (TIGO) cancel in May 2025?

Millicom (TIGO) cancelled 3,096,305 treasury shares in May 2025.

What is Millicom's new share capital after the May 2025 share cancellation?

After the share cancellation, Millicom's issued share capital was reduced to USD 253,500,000, represented by 169,000,000 shares.

What is the par value of Millicom shares after the May 2025 cancellation?

The par value of Millicom shares remains at USD 1.50 each after the cancellation.

Why did Millicom (TIGO) cancel its treasury shares in 2025?

Millicom cancelled the treasury shares that were not intended for use in compensation programs, following authorization from shareholders and as part of their share repurchase plan.
Millicom Intl Cellular S A

NASDAQ:TIGO

TIGO Rankings

TIGO Latest News

TIGO Stock Data

6.72B
99.33M
40.44%
35.88%
1.37%
Telecom Services
Communication Services
Luxembourg
Luxembourg