TIM S.A. Form 6-K Summary
Business Context and Reporting Period
TIM S.A. filed this Form 6-K on June 23, 2021, in response to B3 Official Letter No. 904/2021-SLS regarding atypical fluctuations in the company’s common shares. The filing is not a periodic financial report and does not present results for the period ended June 30, 2021.
Market Activity and Key Metrics
| Date | Last Price (R$) | Daily Change | Trades | Shares Traded | Volume (R$) |
|---|---|---|---|---|---|
| June 9, 2021 | 12.72 | 2.49% | 14,791 | 8,119,100 | 104,039,312 |
| June 22, 2021* | 12.05 | -3.96% | 18,161 | 11,573,100 | 139,760,393 |
*June 22 data was updated through 6:00 p.m. The filing also reports daily trading data for June 10 through June 21.
The shares’ reported closing price declined from R$12.72 on June 9 to R$12.05 on June 22, while June 22 had the highest reported number of trades, shares traded, and trading volume in the table. The filing provides no revenue, profit, cash flow, margin, debt, liquidity, or other operating financial metrics.
Material Changes, Outlook, and Risks
- TIM stated that it was not aware of any relevant fact or act that could explain the atypical price, trading-volume, or transaction fluctuations, beyond information already disclosed to the market.
- No new guidance, outlook, management forecast, financial contingency, unusual accounting item, or operating risk was disclosed.
- The filing does not identify a specific cause for the market movement.
Important Facts for Investors to Verify
- Review TIM’s other market disclosures for information referenced but not repeated in this filing.
- Verify the complete B3 trading data and the treatment of the June 22 figures, which were preliminary through 6:00 p.m.
- Do not treat this filing as evidence of quarterly or annual financial performance; no financial statements or period-end metrics are included.
- Assess subsequent company announcements and market developments for any explanation of the share-price volatility.