Trump announces trade deal with EU following months of negotiations
Tim S.A. (B3:TIMS3; NYSE:TIMB) announced Tuesday that its Board of Directors has approved the distribution of R$320 million as interest on shareholders’ equity. The gross amount per share is estimated at R$0.1323151001. The payment is scheduled to be made by October 21, 2025.
Shareholders eligible to receive the payment will be identified as those holding shares on July 25, 2025. Shares acquired after this date will not be entitled to the interest on shareholders’ equity.
According to the company, the gross value per share may be adjusted if there is a change in the number of treasury shares due to ongoing share buybacks. Tim S.A. stated it will issue a new notice if the final value per share is modified.
A withholding income tax of 15% will be applied to the credited amount, except for shareholders who qualify for differentiated taxation or are exempt. Eligible shareholders seeking exemption must submit the required documentation by July 25, 2025.
The payment will be processed through B3 S.A. - Brasil, Bolsa, Balcão for shares held in custody by CBLC and through Banco Bradesco S/A for other shareholders. Additional information is available through Banco Bradesco S/A branches.
This information is based on a press release statement included in a filing with the Securities and Exchange Commission.
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