Consolidation of listing / Information about the conversion of ordinary shares to SDRs
Millicom International Cellular S.A. has announced that it intends to consolidate the listing of its shares onto one single exchange, NASDAQ OMX Stockholm. The Company will maintain the current listing of its shares as Swedish Depository Receipts ("SDRs") on NASDAQ OMX, which will become Millicom's primary listing.
The company has decided to make this change in order to simplify its listing obligations over time. In today's increasingly globalized trading environment, investors can access any international stock, regardless of where it is listed, making it unnecessary for Millicom to maintain its dual listing. In addition, the transition of the primary listing is intended to eliminate some of the regulatory and administrative demands related to a U.S. listing and registration, particularly in terms of the time commitments expected of the management team and Board who will instead be allowed to focus even further on developing the business.
For more information on this announcement, please find below links to a press release, a list of frequently asked questions (FAQs), and instructions for converting shares to SDRs.
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Millicom
François-Xavier Roger
Chief Financial Officer
Telephone: +352 27 759 327
Investor Relations
Emily Hunt
Telephone: +44 7779 018 539
Teresa Wincrantz
Telephone: +44 779 210 8573
