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Millicom (Tigo) announces new anticipated record date for rights offering and related stoppage of conversion between common shares and SDRs
Millicom (Tigo) announces new anticipated record date for rights offering and related stoppage of conversion between common shares and SDRs Luxembourg, May
About this update from Millicom International Cellular S.a.
[{"type":"text","content":"Millicom (Tigo) announces new anticipated record date for rights offering and related stoppage of conversion between common shares and SDRs Luxembourg, May 10, 2022 – In connection with the previously announced rights offering, Millicom International Cellular S.A. (“Millicom” or “Company”) hereby announces that the new record date is expected to be on May 23, 2022 at 5:00 pm New York time for holders of the Company’s common shares and the same date (end of day, Swedish time) for holders of our shares held in the form of Swedish Depositary Receipts (“SDRs”). Further details on the terms of the rights offering and the procedures pursuant to which eligible holders can exercise their rights, including any changes to the dates included in this press release, will be announced before the commencement of the rights offering. In connection with the anticipated rights offering, we previously announced that conversion of SDRs into common shares, and vice versa, will not be permitted (the “Conversion Stoppage”) during a period starting on and including May 9, 2022 and to last until and including June 1, 2022. The Conversion Stoppage started on May 9, 2022 and, taking account of the new anticipated record date, it is expected to last until and including June 13, 2022. Millicom SDR holders who seek to convert their SDRs to common shares, or vice versa (which can be done in accordance with the procedures set out on Millicom’s website), should take into consideration the dates noted above. This press release is not an offer to sell or a solicitation of an offer to buy any security. The anticipated Rights Offering will be made solely to such persons and in such jurisdictions as are permitted under applicable law. For further information, please contact Press: Yocasta Valdez, Group Manager Digital Media & [email protected] Investors: Sarah Inmon, Director Investor Relations Michel Morin, VP Investor Relations [email protected] About Millicom Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile telecommunications services in Latin America. Through our TIGO® and Tigo Business® brands, we provide a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and bus...