TIM S.A. Form 6-K Summary
Business context and reporting period
TIM S.A. filed this Form 6-K on September 22, 2022. The filing is a notice to shareholders correcting the per-share amounts of previously announced interest on shareholders’ equity. It does not provide quarterly financial statements for the period ended September 30, 2022.
Key financial information
| Item | Updated amount |
|---|---|
| Interest on shareholders’ equity payable October 31, 2022 | R$235 million total; R$0.097080175 per share |
| Interest on shareholders’ equity payable January 31, 2023 | R$245 million total; R$0.101211247 per share |
| Total distribution | R$480 million; R$0.198291422 per share |
| Monetary adjustment | None |
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating metrics.
Material changes versus the prior announcement
The gross per-share amounts were reduced because the number of treasury shares decreased before September 21, 2022, increasing the number of shares eligible to receive the distribution. The total cash distribution remained unchanged at R$480 million.
| Payment date | Previously announced per share | Corrected per share | Total amount |
|---|---|---|---|
| October 31, 2022 | R$0.097097931 | R$0.097080175 | R$235 million |
| January 31, 2023 | R$0.101229758 | R$0.101211247 | R$245 million |
| Total | R$0.198327689 | R$0.198291422 | R$480 million |
Guidance, risks, contingencies, and unusual items
Shareholders of record on September 21, 2022 are entitled to the payments. Shares acquired after that date trade ex-interest on shareholders’ equity rights. The filing contains no management guidance, operating outlook, risk disclosures, or contingencies.
Investor verification points
- Verify the corrected per-share amounts and the total R$480 million distribution.
- Confirm the payment dates of October 31, 2022 and January 31, 2023.
- Confirm the September 21, 2022 record date and ex-rights treatment for subsequent purchases.
- Review separate filings for TIM’s operating results, cash position, leverage, and liquidity, which are not included here.