Millicom Repurchases Shares and SDRs
Ticker: MLCMF · Form: 6-K · Filed: Jan 13, 2025 · CIK: 912958
| Field | Detail |
|---|---|
| Company | Millicom International Cellular SA (MLCMF) |
| Form Type | 6-K |
| Filed Date | Jan 13, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, stock-buyback
TL;DR
Millicom bought back ~547k shares/SDRs Jan 6-10 as part of its buyback program.
AI Summary
Millicom International Cellular S.A. announced on January 13, 2025, that it repurchased 400,821 Swedish Depository Receipts (SDRs) and 146,632 common shares between January 6 and January 10, 2025. This activity is part of a share repurchase program initially announced on November 29, 2024. The repurchased SDRs were traded on Nasdaq Stockholm.
Why It Matters
Share repurchases can signal management's confidence in the company's valuation and potentially increase earnings per share.
Risk Assessment
Risk Level: low — This filing is a routine update on share repurchase activity and does not contain significant new risks.
Key Numbers
- 547,453 — Total Shares/SDRs Repurchased (Combined total of 400,821 SDRs and 146,632 common shares repurchased between Jan 6-10, 2025.)
Key Players & Entities
- MILLICOM INTERNATIONAL CELLULAR S.A. (company) — Registrant
- 400,821 (dollar_amount) — Number of Swedish Depository Receipts (SDRs) repurchased
- 146,632 (dollar_amount) — Number of common shares repurchased
- January 6, 2025 (date) — Start date of repurchase activity
- January 10, 2025 (date) — End date of repurchase activity
- November 29, 2024 (date) — Date of initial share repurchase program announcement
- Nasdaq Stockholm (company) — Exchange where SDRs were traded
FAQ
What is the total number of shares and SDRs repurchased by Millicom in the specified period?
Millicom repurchased a total of 547,453 securities, consisting of 400,821 Swedish Depository Receipts (SDRs) and 146,632 common shares.
When did the recent share repurchase activity take place?
The share repurchase activity occurred between January 6, 2025, and January 10, 2025.
What is the context for this share repurchase activity?
This activity is part of a share repurchase program that was initially announced by Millicom on November 29, 2024.
On which exchange were the repurchased Swedish Depository Receipts (SDRs) traded?
The repurchased Swedish Depository Receipts (SDRs) were traded on Nasdaq Stockholm.
What is the filing date of this report?
This Form 6-K report was filed as of January 13, 2025.
Filing Stats: 532 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2025-01-13 17:16:00
Filing Documents
- dp223389_6k.htm (6-K) — 26KB
- image_002.jpg (GRAPHIC) — 4KB
- image_001.jpg (GRAPHIC) — 5KB
- 0000950103-25-000437.txt ( ) — 40KB
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 13, 2025