09:44 AM EST, 11/29/2024 (MT Newswires) -- Millicom International Cellular ( TIGO ) said Friday it plans to consolidate the listing of shares on Nasdaq US by applying to delist the company's Swedish depositary receipts from Nasdaq Stockholm.

The company also said it is starting a share buyback program worth up to $150 million.

Millicom's board also plans to restart dividends as a means of shareholder remuneration, a decision which is subject to shareholder approval.

The board has approved an interim dividend of $1 per share, expected to be paid on or around Jan. 10, 2025, the company said.

Price: 25.51, Change: -0.08, Percent Change: -0.31