Business Context and Reporting Period
Company: TIM S.A. (B3: TIMS3; NYSE: TIMB)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date of Report: February 10, 2025
Subject: Notice to Shareholders regarding the payment of Interest on Shareholders' Equity (JCP).
Key Financial Metrics
This filing does not contain comprehensive financial statements (revenue, profit, cash flow, or debt). It specifically discloses the following capital distribution metrics:
- Total Distribution Amount: R$ 200,000,000.00 (Two hundred million reais)
- Gross Value Per Share: R$ 0.082624038 (Estimated; subject to modification based on treasury share variations)
- Withholding Tax: 15% Income Tax (unless exemption applies)
Material Changes and Unusual Items
The filing does not report material changes to operations or financial performance compared to prior periods. The primary event is the Board of Directors' approval of the R$ 200 million distribution. The per-share value is noted as an estimate and may be adjusted due to share buybacks under the current program.
Guidance, Outlook, and Management Commentary
Payment Schedule:
- Record Date (Identification of Shareholders): February 17, 2025
- Payment Date: April 22, 2025
- Ex-Date: Shares acquired after February 17, 2025, will be ex-Interest on Shareholders' Equity rights.
- Book-entry shares (CBLC custody) will be paid via B3 S.A. to custody agents.
- Credit to accounts indicated by shareholders at Banco Bradesco S/A.
- Payment via Banco Bradesco S/A branches for shareholders not meeting specific conditions.
Investor Verification Checklist
- Verify the final per-share value, as the current R$ 0.082624038 is an estimate subject to change based on treasury share buybacks.
- Confirm share ownership status by the record date of February 17, 2025, to ensure eligibility for the distribution.
- Check tax status to determine if the 15% withholding tax applies or if an exemption letter is required by the deadline.
- Review the company's share buyback program to understand potential impacts on the total number of shares outstanding.