TIM ( (TIMB) ) has issued an announcement.
On March 27, 2025, TIM S.A. announced the approval of a reverse split and subsequent split of its common shares at its Annual and Extraordinary General Meeting. This operation aims to increase trading liquidity, reduce operational expenses, and improve shareholder management without affecting the company’s capital stock or ADRs. The company plans to implement these changes within three months, allowing shareholders a period to adjust their share positions, with any fractional shares to be sold at auction. This strategic move is expected to enhance the efficiency of dividend distribution and share registration systems.
More about TIM
TIM S.A. operates in the telecommunications industry, providing mobile and fixed telephony services, data transmission, and internet services. The company is based in Rio de Janeiro, Brazil, and is publicly traded on the B3 and NYSE stock exchanges.
YTD Price Performance: 33.02%
Average Trading Volume: 584,443
Technical Sentiment Signal: Strong Sell
Current Market Cap: $7.55B
For an in-depth examination of TIMB stock, go to TipRanks’ Stock Analysis page.