Dividends & Buybacks ·
TIM cancels 13.2M treasury shares under buyback program, reducing total common share count to 2.38B
TIMBTim S.A.
TIM S.A.'s Board of Directors approved the cancellation of 13,200,000 treasury shares acquired under its Buyback Program (Program 8), without reducing capital stock. Following this cancellation, the company's total common share count stands at 2,378,925,889. The company will adjust Article 5 of its Bylaws at the next Shareholders' Meeting to reflect these changes. TIM S.A. operates in the telecommunications industry, providing mobile and fixed-line communication services.