TIM S.A. Cancels 13.2 Million Treasury Shares

On 18 September 2026, Brazilian telecommunications operator TIM S.A. approved the cancellation of 13.2 million treasury shares. These common shares had been acquired previously under the company's share buyback program.

The transaction does not alter TIM's total share capital. Following the cancellation, the company's capital is divided into 2,378,925,889 common shares.

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TIM will officially update its corporate bylaws to reflect the new share count at its next general meeting. The company stated that the reduction in outstanding shares aims to optimize its capital structure and enhance shareholder value.

[1] The Globe and Mail

TIM cancels 13.2 million treasury shares

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