Results of the Millicom (Tigo) AGM and EGM held today

Results of the Millicom (Tigo) AGM and EGM held today

Luxembourg, May 23, 2024 – 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 nine and re-elected María Teresa Arnal, Bruce Churchill, Aude Durand, Tomas Eliasson, Thomas Reynaud, Blanca Treviño de Vega and Mauricio Ramos as Directors, and elected Justine Dimovic and  Maxime Lombardini as a new Directors. Mauricio Ramos 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, 2023.

(ii) The allocation of USD 7,560,803 to the legal reserve, and the remaining USD 337,314,147 to unappropriated net profits to be carried forward;

(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, 2023, for the performance of their mandates. 

(iv) The election of KPMG as the external auditor of Millicom.

(v) The remuneration to the Board and external auditor.

(vi) The instruction to the Nomination Committee.

(vii) The Share Repurchase Plan.

(viii) The 2023 Remuneration Report.

(ix) The Senior Management Remuneration Policy

(x) The share-based incentive plans for Millicom employees.

All resolutions set out in the convening notice for the EGM published on April 17, 2024, and re-issued on April 23, 2024, were also duly passed, including:

1.  Removal of the casting vote of the Chair of the Board of Directors
2.  Change of the definition from Chairman to Chair of the Board and Chair of the annual general meeting
3. Full restatement of the Company’s Articles of Association to incorporate the changes above.

The minutes of the AGM and EGM will be published as soon as these are available on the Millicom website: https://www.millicom.com/our-company/corporate-governance/shareholder- ...