BERTRANGE, Luxembourg, April 27, 2004 (PRIMEZONE) -- Millicom International Cellular S.A. (Nasdaq:MICC) ("MIC"), the global telecommunications investor, announces that it has called the entire outstanding amount of its 2% Senior Convertible PIK Notes Due 2006 (the "2% Notes") (in an aggregate principal amount of approximately $160,000) for redemption in cash in accordance with the terms of the Indenture covering the 2% Notes.
A total of $63,371,000 of the 2% Notes was converted into shares of MIC common stock, with a par value of $1.50 each, through April 26, 2004 from the initial amount of $63,531,000. Following these conversions there are 89,638,927 shares of MIC common stock outstanding.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
This press release may contain certain "forward-looking statements" with respect to our expectations and plans, strategy, management's objectives, future performance, costs, revenues, earnings and other trend information. It is important to note that our actual results in the future could differ materially from those anticipated in forward-looking statements depending on various important factors. Please refer to the documents we have filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including our most recent annual report on Form 20-F, for a discussion of certain of these factors.
All forward-looking statements in this press release are based on information available to us on the date hereof. All written or oral forward-looking statements attributable to Millicom International Cellular S.A., any Millicom International Cellular S.A. members or persons acting on our behalf are expressly qualified in their entirety by the factors referred to above. We do not intend to update these forward-looking statements.
Stabilisation/FSA.
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