Millicom Re-issues AGM/EGM Notice Due to Share Repurchase Note
Ticker: MLCMF · Form: 6-K · Filed: Apr 23, 2024 · CIK: 912958
| Field | Detail |
|---|---|
| Company | Millicom International Cellular SA (MLCMF) |
| Form Type | 6-K |
| Filed Date | Apr 23, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, shareholder-meeting, share-repurchase
TL;DR
Millicom fixed a typo in its shareholder meeting notice for May 23rd regarding share buybacks.
AI Summary
Millicom International Cellular S.A. re-issued its Convening Notice for its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) of Shareholders, scheduled for May 23, 2024. The re-issuance is due to a rectified note concerning agenda item 20, which relates to a share repurchase program.
Why It Matters
This re-issuance ensures all shareholders have the most accurate information regarding the upcoming meetings, particularly concerning the share repurchase program, which can impact share value and company structure.
Risk Assessment
Risk Level: low — The filing is a procedural update regarding a meeting notice and does not introduce new financial risks or significant operational changes.
Key Players & Entities
- Millicom International Cellular S.A. (company) — Registrant
- May 23, 2024 (date) — AGM and EGM date
- April 23, 2024 (date) — Press release date
FAQ
What is the purpose of the re-issued Convening Notice?
The Convening Notice was re-issued to include a rectified note to agenda item 20, which pertains to a share repurchase program.
When are the AGM and EGM scheduled to take place?
The Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) of Shareholders are scheduled to be held on May 23, 2024.
What specific agenda item required the rectification?
Agenda item 20, concerning a share repurchase program, required a rectified note in the Convening Notice.
What type of company is Millicom International Cellular S.A.?
Millicom International Cellular S.A. is a foreign private issuer operating in the radio telephone communications industry.
Where is Millicom International Cellular S.A. headquartered?
Millicom International Cellular S.A. is headquartered at 2, Rue du Fort Bourbon, L-1249 Luxembourg, Grand Duchy of Luxembourg.
Filing Stats: 4,686 words · 19 min read · ~16 pages · Grade level 11.6 · Accepted 2024-04-23 16:52:20
Filing Documents
- dp210177_6k.htm (6-K) — 227KB
- image_005.jpg (GRAPHIC) — 4KB
- image_006.jpg (GRAPHIC) — 5KB
- 0000950103-24-005640.txt ( ) — 240KB
: CHAIR OF THE MEETING
item 1: CHAIR OF THE MEETING Millicom's Nomination Committee proposes Mr. Alexander Koch, attorney at law ( Avocat à la Cour/Rechtsanwalt ), with professional address in Luxembourg, to preside over the AGM. In the event of Mr. Alexander Koch’s absence, the Chair of the Board – or in the absence of the Chair of the Board, any member of the Board present at the AGM – shall be empowered to appoint from amongst the persons present at the AGM the individual that will preside over the AGM. The chair of the AGM shall be empowered to appoint, from among the persons present or virtually present at the meeting the other members of the bureau of the meeting (i.e., the Secretary and the Scrutineer). 8 AGM – item 4: RESULTS ALLOCATION On a parent-company basis, Millicom generated a profit of USD 344,874,950 for the fiscal year ended December 31, 2023 (the “2023 Results”). In compliance with 1915 Law, the Board proposes (i) to allocate USD 7,560,803 of the 2023 Results to the legal reserve to reach 10% of the share capital (i.e., therefore, the total legal reserve amounts to USD 25,814,446), and (ii) the remaining USD 337,314,147 to unappropriated net profits to be carried forward. AGM – item 5: DISCHARGE OF DIRECTORS FOR THEIR PERFORMANCE To discharge of all the current and former Directors of Millicom who served at any point in time during the financial year ended December 31, 2023, for the performance of their mandates. AGM – items 6-16: ELECTION OF THE DIRECTORS The Nomination Committee proposes that the Board shall consist of nine (9) directors. The Nomination Committee proposes that María Teresa Arnal, Bruce Churchill, Aude Durand, Tomas Eliasson, Mauricio Ramos, Thomas Reynaud and Blanca Treviño de Vega be re-elected as Directors of Millicom for the term beginning at the AGM and ending at the 2025 AGM. The Nomination Committee proposes that Maxime Lombardini and Justine Dimovic be elected