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Millicom (Tigo) announces new shareholder remuneration policy
Millicom (Tigo) announces new shareholder remuneration policy Luxembourg, January 14th, 2025 – Millicom International Cellular S.A. ("Millicom" or the
About this update from Millicom International Cellular S.a.
[{"type":"text","content":"Millicom (Tigo) announces new shareholder remuneration policy Luxembourg, January 14th, 2025 – Millicom International Cellular S.A. (\"Millicom\" or the “Company”), today announced that the Company’s Board of Directors (the “Board”) has approved a new shareholder remuneration policy under which it proposes to: resume regular cash dividends;sustain or grow cash dividends every year; andmaintain a prudent capital structure, with a long-term leverage target range of 2.0-2.5x With this policy, the Board aims to return capital to shareholders from the cashflow generation of the Company in a consistent and prudent manner that reflects the capital-intensive and highly-regulated nature of the business, as well as the Latin American region’s elevated political and macroeconomic volatility. Following the interim dividend of $1.00/share paid on January 10, the Board intends to approve an additional interim dividend, after Millicom publishes its Q4 2024 results, as follows: $0.75/share to be paid in April 2025 Furthermore, the Board intends to propose for the approval of the Annual General Meeting of its shareholders to be held in Luxembourg on May 21, 2025, a dividend of $3.00 per share payable in four equal quarterly installments, as follows: $0.75/share in July, 2025$0.75/share in October, 2025$0.75/share in January, 2026$0.75/share in April, 2026 Regulatory Statement This information was prior to this release inside information and is information that Millicom is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out below, at 22:30 CET on January 14, 2025. -END- For further information, please contact Press: Sofía Corral, Director Corporate [email protected] Investors: 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 business-to-business solutions such as cloud and security. As of September 30, 2024, Millicom...