BERTRANGE, Luxembourg, and STOCKHOLM, Sweden, Dec. 06, 2004 (PRIMEZONE) -- Millicom International Cellular S.A. ("Millicom" or the "Company") announces that in connection with the offering of 8 million Ordinary Shares in the form of Ordinary Shares or Swedish Depositary Receipts ("SDRs") (the "Share Offering"), the option granted to the Managers at the Share Offering in respect of 1 million Optional Shares has been exercised in full. The aggregate Share Offering will now be 9 million Ordinary Shares.
The Company also announces that in connection with the offering of US$175 million 4.00 per cent. Convertible Bonds (the "Bonds") convertible into Ordinary Shares and/or SDRs (the "Bond Offering"), the option granted to the Managers at the Bond Offering in respect of US$25,000,000 principal amount of Optional Bonds has been exercised in full. The aggregate principal amount of the Bonds will now be US$200,000,000.
The Bonds, Ordinary Shares and SDRs, including Ordinary Shares or SDRs issuable upon conversion of the Bonds, have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States unless registered under the U.S. Securities Act of 1933 or pursuant to an exemption from registration.
Stabilisation/FSA
This press release has been issued by Millicom International Cellular S.A. and has been approved for the purposes of Section 21 of the Financial Services and Markets Act 2000 by the lead manager of the offering. The lead manager of the offering is acting for Millicom International Cellular S.A. and no one else in connection with the offer of (i) the Ordinary Shares in the form of Ordinary Shares or SDRs and (ii) the Bonds, and will not be responsible to any other person for providing the protections afforded to their respective clients, or for providing advice in relation to the proposed offer.
This press release does not constitute or form part of an offer to sell or solicitation of an offer to purchase or subscribe for any Ordinary Shares in the form of Ordinary Shares or SDRs, Bonds, or Ordinary Shares or SDRs to be issued upon conversion of the Bonds or other securities.
CONTACTS:
Marc Beuls Telephone: +352 27 759 327 President and Chief Executive Officer Millicom International Cellular S.A., Luxembourg Andrew Best Telephone: +44 (0)7798 576378 Investor Relations
This information was brought to you by Waymaker.
-0-