Millicom Buys Back Shares and SDRs
Ticker: MLCMF · Form: 6-K · Filed: Jan 21, 2025 · CIK: 912958
| Field | Detail |
|---|---|
| Company | Millicom International Cellular SA (MLCMF) |
| Form Type | 6-K |
| Filed Date | Jan 21, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, stock-buyback, sec-filing
TL;DR
Millicom bought back 140k SDRs & 95k shares last week as part of its buyback program.
AI Summary
Millicom International Cellular S.A. announced on January 20, 2025, that it repurchased 140,587 Swedish Depository Receipts (SDRs) and 95,600 common shares between January 13 and January 17, 2025. This activity is part of a share repurchase program initially announced on November 29, 2024. The repurchased securities were traded on the Nasdaq exchange.
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 financial or operational risks.
Key Numbers
- 140,587 — SDRs Repurchased (Part of ongoing share repurchase program)
- 95,600 — Common Shares Repurchased (Part of ongoing share repurchase program)
Key Players & Entities
- Millicom International Cellular S.A. (company) — Registrant
- 140,587 (dollar_amount) — Number of Swedish Depository Receipts repurchased
- 95,600 (dollar_amount) — Number of common shares repurchased
- January 13, 2025 (date) — Start date of repurchase activity
- January 17, 2025 (date) — End date of repurchase activity
- November 29, 2024 (date) — Date of initial share repurchase program announcement
- Nasdaq (company) — Exchange where securities were traded
FAQ
What is the total number of securities repurchased by Millicom between January 13 and January 17, 2025?
Millicom repurchased a total of 236,187 securities (140,587 SDRs and 95,600 common shares) during this period.
When was the share repurchase program initially announced?
The share repurchase program was initially announced on November 29, 2024.
On which exchange were the repurchased securities traded?
The repurchased securities were traded on the Nasdaq exchange.
What specific dates did the reported share repurchase activity occur?
The share repurchase activity occurred between January 13, 2025, and January 17, 2025.
What type of securities did Millicom repurchase?
Millicom repurchased its Swedish Depository Receipts (SDRs) and its common shares.
Filing Stats: 511 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2025-01-21 17:26:16
Filing Documents
- dp223678_6k.htm (6-K) — 21KB
- image_002.jpg (GRAPHIC) — 4KB
- image_001.jpg (GRAPHIC) — 6KB
- 0000950103-25-000724.txt ( ) — 37KB
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 21, 2025