Millicom plans to simplify its structure by consolidating shares on Nasdaq U.S. and will resume shareholder payouts.

Millicom, known for its Tigo brand, plans to simplify its corporate structure by consolidating its share listing on the Nasdaq U.S. and delisting its Swedish Depositary Receipts from the Nasdaq Stockholm. This move aims to enhance liquidity and shareholder value. The company also intends to resume shareholder remuneration through a $150 million share repurchase program and proposed interim dividends of $1.00 per share.

November 29, 2024
3 Articles