- Millicom (TIGO, Financial) has completed the delisting of its Swedish Depositary Receipts (SDRs) from Nasdaq Stockholm.
- SEB sold 5,110,103 unclaimed shares from the SDRs, with net proceeds to be distributed in early May.
- Millicom common shares are now exclusively listed on the Nasdaq Stock Market in the United States.
Millicom International Cellular S.A. (TIGO) has announced that it successfully completed the delisting of its Swedish Depositary Receipts (SDRs) from Nasdaq Stockholm on March 17, 2025. This transition marks Nasdaq Stock Market in the United States as the sole exchange for its common shares.
SEB, acting as the custodian bank for the SDR program, has finalized the sale of approximately 5,110,103 shares that were not claimed by SDR holders before the delisting. These shares have now been sold, and the net proceeds are expected to be distributed on a pro-rata basis to former SDR holders in early May 2025.
This strategic move is part of Millicom's efforts to streamline its trading structure, offering a more unified and efficient trading environment. With its operations headquartered in Luxembourg, Millicom continues to provide a wide range of telecommunications services across Latin America under the TIGO brand.
