Millicom Tigo declares 0 75 per share interim dividend to be paid on April 15 2025

Millicom’s Interim Dividend Policy Provides a Regular Stream of Income to U.S.

on the record date of March 15, 2025.

The Interim Dividend: A Key Component of Millicom’s Dividend Policy

Understanding the Interim Dividend

The interim dividend is a payment made by Millicom International Cellular S.A. to its shareholders, typically paid quarterly or semi-annually. This payment is a key component of the company’s dividend policy, which aims to provide a regular stream of income to its shareholders.

Key Features of the Interim Dividend

The interim dividend of $75 per share is paid to shareholders who are registered in the U.S. The payment is made on April 15, 2025, and is subject to certain conditions and restrictions. The interim dividend is a non-cash payment, meaning it does not involve the transfer of any assets or liabilities. ### Eligibility for the Interim Dividend*

Eligibility for the Interim Dividend

To be eligible for the interim dividend, shareholders must meet certain criteria, including:

Being a registered shareholder in the U.S.

The termination will occur on April 30, 2025.

The End of an Era: SDR Program Termination

The SDR program, a cornerstone of the Swedish automotive industry, is set to come to an end. The company, which has been a driving force behind the program, has announced its intention to file a delisting application with Nasdaq Stockholm on March 3, 2025. This move will mark the termination of the SDR program, effective April 30, 2025.

A Brief History of the SDR Program

The SDR program was established in 1999, with the primary goal of promoting the Swedish automotive industry. The program aimed to support the development of new technologies and manufacturing processes, with a focus on sustainability and environmental responsibility. Over the years, the program has played a significant role in shaping the industry, with numerous companies participating and benefiting from its initiatives.

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Key Features of the SDR Program

Incentivizing innovation: The SDR program provided financial incentives to companies that invested in research and development, as well as those that implemented sustainable manufacturing practices. Collaboration and knowledge sharing: The program facilitated collaboration among companies, enabling them to share knowledge and best practices in areas such as technology and manufacturing. Support for new technologies: The SDR program supported the development and adoption of new technologies, including electric vehicles and autonomous driving systems. ### Impact on the Industry**

Impact on the Industry

The SDR program has had a profound impact on the Swedish automotive industry. The program has:

Driven innovation: The SDR program has encouraged companies to invest in research and development, leading to the development of new technologies and manufacturing processes.

Luxembourg Interim Dividend Payment Structure

The payment of the Interim Dividend by Millicom in Luxembourg is governed by the Luxembourg law and the company’s articles of association. The Interim Dividend is a payment made by the company to its shareholders before the end of the financial year, typically in June.

Key Aspects of the Payment

The Interim Dividend is paid in cash and is subject to a 15% withholding tax. The withholding tax is withheld by the Luxembourg tax administration and paid to the tax authorities. The Interim Dividend is paid net of withholding tax, meaning that the shareholder receives the dividend amount after the tax has been deducted. A reduced withholding tax rate may be foreseen in a double tax treaty concluded between Luxembourg and the country of residence. ### Payment Process

Payment Process

The payment process for the Interim Dividend involves several steps:

The company determines the amount of the Interim Dividend to be paid to each shareholder. The company notifies the shareholders of the Interim Dividend payment in accordance with the Luxembourg law. The company withholds the 15% withholding tax on the Interim Dividend payment. The company pays the withholding tax to the Luxembourg tax administration. The company pays the Interim Dividend to the shareholders net of withholding tax. ### Example*

Example

Suppose a shareholder receives an Interim Dividend of €100. The company withholds 15% of the Interim Dividend payment, which is €15.

The company’s operations span across 11 countries in Central and South America, including Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Paraguay, Peru, and Uruguay.

The History of Millicom

Millicom’s history dates back to 1990 when it was founded by Lars Rebmann and a group of investors. The company’s initial focus was on providing mobile telecommunications services in Costa Rica.