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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  TIM Participações S.A.    TIMP3   BRTIMPACNOR1

TIM PARTICIPAÇÕES S.A.

(TIMP3)
  Report
End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 10/09
13.46 BRL   -0.88%
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TIM Participações S A : Payment of Interest on Shareholders' Equity

10/30/2020 | 05:00pm EST

TIM S.A.

Publicly-Held Company

Corporate Taxpayer's ID (CNPJ/ME): 02.421.421/0001-11

Corporate Registry (NIRE): 33.300.324.631

NOTICE TO SHAREHOLDERS

ANTICIPATION OF INTEREST ON SHAREHOLDERS' CAPITAL PAYMENT

1 - PAYMENT ANTICIPATION FROM 11/30/2020 TO 11/10/2020:

TIM S.A. ("TIM" or "Company") (B3: TIMS3; NYSE: TIMB) informs that it will anticipate, to November 10th, 2020, the payment of Interest on Equity ("IOE"), informed to the market in Notice to Shareholders of October 07th, 2020, in the amount of R$ 500,000,000.00 (five hundred million Reais), initially scheduled for payment on November 30th, 2020.

The Company notes that the date for identification of the shareholders entitled to receive such amounts was established as October 19th, 2020, and the shares acquired after this date were ex-IOE distribution rights.

2 - INTEREST ON SHAREHOLDERS' EQUITY PER SHARE:

Gross value per share

Total amount

IOE

R$ 0.206542925

R$ 500,000,000.00

3 - WITHHOLDING TAX:

15% of the Income Tax will be retained (Withholding Income Tax), for the occasion of the credit of Interest on Shareholders' Equity, except for shareholders who have differentiated taxation or who are exempt from taxation.

4 - FORMS OF PAYMENT (BOOK-ENTRY SHARES):

The IOE related to shares custody by CBLC (Companhia Brasileira de Liquidação e Custódia) will be paid by B3 S.A.

  • Brasil, Bolsa, Balcão, which will transfer to the shareholders through custody agents; Checking account indicated by the shareholder at Banco Bradesco S/A; and

Payment of IOE by Banco Bradesco S/A branches, in the case of shareholders who do not meet the aforementioned conditions; and

Additional information may be obtained at any branches of Banco Bradesco S/A. or through the e-mail address - dac.escrituracao@bradesco.com.br.

Rio de Janeiro, October 30, 2020.

TIM S.A.

Adrian Calaza

Chief Financial Officer and

Investor Relations Officer

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

TIM SA published this content on 30 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2020 21:59:01 UTC


© Publicnow 2020
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Financials
Sales 2020 17 245 M - -
Net income 2020 1 367 M - -
Net Debt 2020 4 905 M - -
P/E ratio 2020 24,0x
Yield 2020 3,79%
Capitalization 32 579 M 5 783 M -
EV / Sales 2020 2,17x
EV / Sales 2021 1,97x
Nbr of Employees 9 608
Free-Float -
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