TIM S.A. cancels 28,678,509 treasury shares in Brazil stock
TIM S.A. cancelled 28,678,509 treasury shares that had been acquired under its current share buyback program.
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Rhea-AI Filing Summary
TIM S.A. cancelled 28,678,509 treasury shares that had been acquired under its current share buyback program. The cancellation was approved by the Board of Directors and was carried out without any reduction of the company’s capital stock.
After this corporate action, TIM S.A.’s capital stock is now divided into 2,392,125,889 common shares. The company plans to adjust Article 5 of its Bylaws at the next shareholders’ meeting to reflect the new share count and states it will keep shareholders informed of further relevant updates.
FAQ
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How will TIMB keep investors informed about future changes?
TIM S.A. indicates it will keep shareholders and the market informed of relevant updates in line with applicable regulations.
AI-generated analysis. How Rhea-AI works. Not financial advice.