Millicom to Consolidate Listing on NASDAQ U.S.

TL;DR

Millicom ditching Stockholm for NASDAQ US, resuming shareholder payouts.

AI Summary

Millicom International Cellular S.A. announced on November 29, 2024, its intention to consolidate its share listing on the NASDAQ U.S. This move involves delisting its Swedish Depositary Receipts (SDRs) from Nasdaq Stockholm. The company also plans to resume shareholder remuneration.

Why It Matters

This strategic move aims to simplify the company's share structure and potentially increase liquidity by focusing trading on a single major exchange.

Risk Assessment

Risk Level: medium — Consolidating listings can introduce complexities and potential market reception risks, while resuming shareholder remuneration signals financial confidence but also increased payout obligations.

Key Players & Entities

• Millicom International Cellular S.A. (company) — Registrant
• NASDAQ U.S. (company) — Target listing exchange
• Nasdaq Stockholm (company) — Current listing exchange
• November 29, 2024 (date) — Announcement date

FAQ

Key Financial Figures

• $150 million — reduction in administrative costs; 2. $150 million Share Repurchase Program : The program
• $1.00 — ard has approved an interim dividend of $1.00 per share (or its equivalent in SEK per
• $172 million — ent in SEK per SDR), i.e. approximately $172 million (to be adjusted for the number of treas
• $150 million — may be repurchased will be the lower of $150 million (approximately SEK 1.65 billion) in agg
• $1 — ution of an interim dividend payment of $1 per share (the “Interim Dividend&

Filing Documents

• dp221420_6k.htm (6-K) — 62KB
• image_001.jpg (GRAPHIC) — 4KB
• image_002.jpg (GRAPHIC) — 5KB
• 0000950103-24-017044.txt ( ) — 77KB

Forward-Looking Statements

Forward-Looking Statements included herein that are not historical facts, including without limitation statements concerning future strategy, plans, objectives, expectations and intentions, projected financial results, liquidity, growth and prospects, are forward-looking statements. Such forward-looking materialize, Millicom’s results could be materially adversely affected. In particular, there is uncertainty about global economic activity and inflation, the demand for Millicom's products and services, and global supply chains. The risks and uncertainties include, but are not limited to, the following: • global economic conditions, foreign exchange rate fluctuations and high inflation, as well as local economic conditions in the markets we serve, which can be impacted by geopolitical developments outside of our principal geographic markets, such as the armed conflict between Russia and the Ukraine and related sanctions; • potential disruptions due to health crises, including pandemics, epidemics, or other public health emergencies; geopolitical events, armed conflict, and acts by terrorists; • telecommunications usage levels, including traffic, customer growth and the accelerated transition from traditional to digital services; • competitive forces, including pricing pressures, piracy, the ability to connect to other operators’ networks and our ability to retain market share in the face of competition from existing and new market entrants as well as industry consolidation; • the achievement of our operational goals, environmental, social and governance targets, financial targets and strategic plans, including the acceleration of cash flow growth, the expansion of our fixed broadband network, the reintroduction of a share repurchase program and the reduction in net leverage;

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. MILLICOM INTERNATIONAL CELLULAR S.A. (Registrant) By: /s/ Salvador Escalón Name: Salvador Escalón Title: Executive Vice President, Chief Legal and Compliance Officer Date: November 29, 2024

View Full Filing

View this 6-K filing on SEC EDGAR