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An announcement from TIM ( (TIMB) ) is now available.
On February 12, 2025, TIM S.A.’s Board of Directors approved a new Share Buyback Program, Program 8, following the completion of the previous Program 7 initiated on July 30, 2024. The new program aims to acquire up to 67.2 million common shares, representing 2.78% of total shares, without reducing capital stock. This initiative seeks to enhance shareholder value and support the Long Term Incentive Plan through efficient use of resources. The buyback will be conducted on the stock exchange, with no expected impact on the company’s control structure or administration.
More about TIM
TIM S.A. is a publicly-held telecommunications company based in Rio de Janeiro, Brazil, involved in providing mobile and telecommunication services to its customers. The company focuses on enhancing shareholder value and efficient cash resource utilization while supporting stock-based compensation plans.
YTD Price Performance: 26.52%
Average Trading Volume: 550,305
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.26B
See more data about TIMB stock on TipRanks’ Stock Analysis page.
