Ferrovial SE Launches €500M Share Buy-Back Program
Ticker: FER · Form: 6-K · Filed: Jun 20, 2024 · CIK: 1468522
Sentiment: neutral
Topics: share-buyback, scrip-dividend, capital-return
TL;DR
Ferrovial launching €500M buyback to offset scrip dividend dilution. Stock might get a boost.
AI Summary
On June 20, 2024, Ferrovial SE announced a new share buy-back program and a scrip dividend. The company plans to repurchase shares up to a maximum aggregate amount of €500 million. This program is intended to offset the dilutive effect of the scrip dividend, which allows shareholders to receive new shares instead of cash dividends.
Why It Matters
This move signals Ferrovial's confidence in its financial position and its commitment to returning value to shareholders, potentially stabilizing or increasing its stock price.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a share buy-back and scrip dividend program, which is a common corporate action.
Key Numbers
- €500 million — Share Buy-Back Program (Maximum amount Ferrovial SE intends to spend on repurchasing its shares.)
Key Players & Entities
- Ferrovial SE (company) — Filer of the report
- €500 million (dollar_amount) — Maximum aggregate amount for the share buy-back program
- June 20, 2024 (date) — Date of the announcement
FAQ
What is the primary purpose of the share buy-back program announced by Ferrovial SE?
The primary purpose is to offset the dilutive effect of the scrip dividend, as stated in the filing.
What is the maximum aggregate amount Ferrovial SE plans to spend on its share buy-back program?
Ferrovial SE plans to spend up to a maximum aggregate amount of €500 million.
When was this announcement made by Ferrovial SE?
The announcement was made on June 20, 2024.
What is a scrip dividend?
A scrip dividend is an option for shareholders to receive new shares in the company instead of a cash dividend.
What is the filing type and date?
The filing type is a Form 6-K, filed on June 20, 2024.
Filing Stats: 264 words · 1 min read · ~1 pages · Grade level 9.1 · Accepted 2024-06-20 08:06:25
Filing Documents
- a6kbuy-backprogramscripdiv.htm (6-K) — 31KB
- ferrovialtransactionsbuy.htm (EX-99.1) — 3KB
- scripannouncement-ration.htm (EX-99.2) — 7KB
- ferrovialtransactionsbuy001.jpg (GRAPHIC) — 166KB
- ferrovialtransactionsbuy002.jpg (GRAPHIC) — 67KB
- scripannouncement-ration001.jpg (GRAPHIC) — 213KB
- scripannouncement-ration002.jpg (GRAPHIC) — 187KB
- 0001468522-24-000030.txt ( ) — 912KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Ferrovial SE Date June 20, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer