TIM (TIMB) has released an update.
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TIM S.A. has concluded its sixth Share Buyback Program, acquiring 4.6 million shares at an average price of R$16.44, primarily to meet executive stock-based compensation obligations. The company has also announced the initiation of a new buyback program, Program 7, which will allow the purchase of up to 5 million shares until January 30, 2026, using the company’s capital and profit reserves totaling over R$7.5 billion.
For further insights into TIMB stock, check out TipRanks’ Stock Analysis page.