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Results of the Millicom (Tigo) AGM and EGM held today
Results of the Millicom (Tigo) AGM and EGM held today Luxembourg, May 21, 2025 – Millicom International Cellular S.A. (“Millicom”) held its Annual General
About this update from Millicom International Cellular S.a.
[{"type":"text","content":"Results of the Millicom (Tigo) AGM and EGM held today Luxembourg, May 21, 2025 – Millicom International Cellular S.A. (“Millicom”) held its Annual General Meeting (“AGM”) and Extraordinary General Meeting (“EGM”) of shareholders today. All of the AGM and EGM resolutions proposed by the Board of Directors and its Nomination Committee were adopted by Millicom’s shareholders. Resolving in favor of all the Nomination Committee’s proposals, the AGM set the number of directors at eight and re-elected María Teresa Arnal, Bruce Churchill, Blanca Treviño de Vega, Jules Niel, Pierre-Emmanuel Durand, Maxime Lombardini, and Justine Dimovic as Directors, and elected Pierre Alain Allemand as a new Director. Maxime Lombardini was elected as Chair of the Board of Directors. All other resolutions set out in the convening notice for the AGM were also duly passed, including approval of: (i) The annual accounts and the consolidated accounts for the year ended December 31, 2024. (ii) The allocation the results of the year ended December 31, 2024, to the unappropriated net profits to be carried forward; and a dividend distribution of USD 3 per share to be paid in four equal installments on or around July 15, 2025, October 15, 2025, January 15, 2026, and April 15, 2026. (iii) The discharge of all the current and former Directors of Millicom who served at any point in time during the financial year ended December 31, 2024, for the performance of their mandates. (iv) The re-election of KPMG as the external auditor of Millicom. (v) The remuneration to the Board and external auditor. (vii) The Share Repurchase Plan. All resolutions set out in the convening notice for the EGM to amend the articles of association were also duly passed, including: The Authorization to the Board to cancel any repurchased shares.The removal of the reference to the Swedish Corporate Governance Code and the removal of the requirements regarding the composition of the Nomination Committee.The reinstatement of the casting vote of the Chair of the Board in the event of a tie, as provided by article 444-4 (2) of the 1915 Law.The removal of the requirement that written board resolutions can only be adopted in cases of urgency or exceptional circumstances.The authorization of the participation of shareholders in general meetings through electronic means and video conference.Full resta...