Millicom (Tigo) Buys Back SDRs
Ticker: MLCMF · Form: 6-K · Filed: Dec 17, 2024 · CIK: 912958
| Field | Detail |
|---|---|
| Company | Millicom International Cellular SA (MLCMF) |
| Form Type | 6-K |
| Filed Date | Dec 17, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, sdr, company-update
TL;DR
Tigo bought back 400k+ SDRs last week as part of its buyback program.
AI Summary
Millicom International Cellular S.A. (Tigo) repurchased 400,689 of its Swedish Depository Receipts (SDRs) between December 9, 2024, and December 13, 2024. This activity is part of a share repurchase program that was initially announced on November 29, 2024. The company is a foreign private issuer filing a Form 6-K report.
Why It Matters
This indicates the company is actively managing its share count, potentially signaling confidence in its valuation or a strategy to return capital to shareholders.
Risk Assessment
Risk Level: low — The filing is a routine update on share repurchase activity, not indicating new material risks.
Key Numbers
- 400,689 — SDRs Repurchased (Part of an ongoing share repurchase program)
Key Players & Entities
- Millicom International Cellular S.A. (company) — Registrant
- Tigo (company) — Brand name of Millicom
- 400,689 (dollar_amount) — Number of SDRs repurchased
- December 9, 2024 (date) — Start date of repurchase activity
- December 13, 2024 (date) — End date of repurchase activity
- November 29, 2024 (date) — Date of initial share repurchase program announcement
FAQ
What is the total value of the SDRs repurchased?
The filing details the number of SDRs repurchased (400,689) but does not provide the total monetary value of the repurchase in this specific section.
When was the share repurchase program initially announced?
The share repurchase program was announced on November 29, 2024.
What is the ticker symbol for Millicom International Cellular S.A.?
The filing does not explicitly state the ticker symbol, but it is a foreign private issuer.
What type of securities were repurchased?
Swedish Depository Receipts (SDRs) were repurchased.
What is the jurisdiction of Millicom International Cellular S.A.?
Millicom International Cellular S.A. is registered in Luxembourg.
Filing Stats: 478 words · 2 min read · ~2 pages · Grade level 12.1 · Accepted 2024-12-17 16:30:34
Filing Documents
- dp222207_6k.htm (6-K) — 28KB
- image_001.jpg (GRAPHIC) — 4KB
- image_002.jpg (GRAPHIC) — 5KB
- 0000950103-24-017888.txt ( ) — 41KB
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: December 17, 2024