TIM Board Approves $173 Million Share Repurchase Program-March 2024-www.financetom.com

TIM Board Approves $173 Million Share Repurchase Program

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TIM Board Approves $173 Million Share Repurchase Program

Feb 12, 2025 11:19 AM

02:10 PM EST, 02/12/2025 (MT Newswires) -- TIM (TIMB) on Wednesday said its board approved a new share buyback program to repurchase up to around 67.2 million shares.

The telecommunications company said it was authorized to use up to 1 billion Brazilian reais ($173.6 million) for the share repurchases. TIM also said that the previous buyback program was terminated.

TIMB shares were over 1% higher in recent trading.

Price: 14.95, Change: +0.23, Percent Change: +1.56

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