Remuneration of directors by distribution of Millicom Luxembourg Stock Exchange shares: TIGO
Remuneration of directors by distribution of Millicom shares
Luxembourg, July 31, 2020 Millicom International Cellular SA (Millicom) announces that, in accordance with the resolution of its shareholders at the annual general meeting of June 25, 2020, it has distributed a total of 32,358 shares to the members of its board of directors as part of the Remuneration of the executive directors for the period from the date of the 2020 annual general meeting to the 2021 general meeting, to be held in May 2021.
In accordance with the resolution, the number of shares was calculated on the basis of the compensation approved by the annual general meeting and with reference to the closing price of Millicomon’s share on the Nasdaq Stock Market in the United States on 2 July 2020 ($ 26.27).
Details of the distribution are disclosed on the Millicoms website.
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About Millicom
Millicom (NASDAQ US: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of dedicated wired and mobile services to emerging markets in Latin America and Africa. Millicom is leading the way in delivering broadband and innovation around The Digital Lifestyle services through its core brand, TIGO. As of December 31, 2019, Millicom’s operating subsidiaries and joint ventures employed more than 22,000 people and provided mobile services to approximately 52 million customers, with a cable footprint of more than 11 million households exceeded. Founded in 1990, Millicom International Cellular SA is headquartered in Luxembourg.
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