Millicom Buys Back 455,000 SDRs
Ticker: MLCMF · Form: 6-K · Filed: Jan 7, 2025 · CIK: 912958
| Field | Detail |
|---|---|
| Company | Millicom International Cellular SA (MLCMF) |
| Form Type | 6-K |
| Filed Date | Jan 7, 2025 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, SDRs, capital-return
TL;DR
Millicom bought back 455k SDRs last week, part of a larger buyback plan.
AI Summary
Millicom International Cellular S.A. (Millicom) announced its share repurchase activity for its Swedish Depository Receipts (SDRs) on January 6, 2025. Between December 16 and December 20, 2024, Millicom repurchased 455,000 SDRs as part of a program announced on November 29, 2024.
Why It Matters
This repurchase indicates the company is returning capital to shareholders and potentially views its stock as undervalued.
Risk Assessment
Risk Level: low — This filing is a routine update on share repurchase activity and does not introduce new material risks.
Key Numbers
- 455,000 — SDRs Repurchased (Repurchased between Dec 16-20, 2024, under a program announced Nov 29, 2024.)
Key Players & Entities
- MILLICOM INTERNATIONAL CELLULAR S.A. (company) — Registrant
- 455,000 (dollar_amount) — Number of SDRs repurchased
- December 16, 2024 (date) — Start of repurchase period
- December 20, 2024 (date) — End of repurchase period
- November 29, 2024 (date) — Date of share repurchase program announcement
FAQ
What is the total value of the share repurchase program?
The filing does not specify the total value of the share repurchase program, only the number of SDRs repurchased in a specific period.
What is the purpose of the share repurchase program?
The filing states the repurchases are pursuant to the share repurchase program announced on November 29, 2024, implying a strategy to return capital or manage share count.
When was the share repurchase program initially announced?
The share repurchase program was announced on November 29, 2024.
What specific type of security was repurchased?
Millicom repurchased its Swedish Depository Receipts (SDRs).
What is the filing date of this report?
This Form 6-K report was filed on January 7, 2025.
Filing Stats: 1,100 words · 4 min read · ~4 pages · Grade level 12.7 · Accepted 2025-01-07 16:49:30
Filing Documents
- dp223214_6k.htm (6-K) — 45KB
- image_003.jpg (GRAPHIC) — 4KB
- image_004.jpg (GRAPHIC) — 6KB
- 0000950103-25-000262.txt ( ) — 61KB
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: January 7, 2025