Ferrovial SE Launches €200M Share Buy-Back Program
Ticker: FER · Form: 6-K · Filed: Jun 25, 2024 · CIK: 1468522
| Field | Detail |
|---|---|
| Company | Ferrovial Se (FER) |
| Form Type | 6-K |
| Filed Date | Jun 25, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: share-buyback, capital-allocation, board-approval
TL;DR
Ferrovial is buying back up to €200M in stock by year-end. Bullish.
AI Summary
Ferrovial SE announced on June 25, 2024, that its Board of Directors has approved a new share buy-back program. The program allows for the repurchase of up to 10,000,000 shares, representing approximately 0.76% of the company's share capital. The maximum amount to be invested in this program is €200 million, and it is expected to commence on June 26, 2024, and conclude by December 31, 2024.
Why It Matters
This buy-back program signals Ferrovial's confidence in its financial position and may lead to an increase in earnings per share by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — The buy-back program is a standard capital allocation strategy and is within typical parameters for a company of Ferrovial's size.
Key Numbers
- €200M — Share Buy-Back Program Value (Maximum amount Ferrovial SE plans to invest in repurchasing its own shares.)
- 10,000,000 — Shares to be Repurchased (The total number of shares Ferrovial SE is authorized to buy back.)
- 0.76% — Share Capital Reduction (The approximate percentage of total share capital that will be reduced through the buy-back.)
Key Players & Entities
- Ferrovial SE (company) — Filer of the report and subject of the buy-back program
- June 25, 2024 (date) — Date of the Board of Directors' approval for the buy-back program
- 10,000,000 shares (share_count) — Maximum number of shares to be repurchased
- 0.76% (percentage) — Percentage of the company's share capital represented by the buy-back
- €200 million (dollar_amount) — Maximum investment amount for the share buy-back program
- June 26, 2024 (date) — Expected commencement date of the buy-back program
- December 31, 2024 (date) — Expected conclusion date of the buy-back program
FAQ
What is the primary purpose of this 6-K filing?
This filing is to report on Ferrovial SE's new share capital buy-back program, approved by its Board of Directors.
What is the maximum value of the new share buy-back program?
The maximum amount to be invested in the new share buy-back program is €200 million.
How many shares can Ferrovial SE repurchase under this program?
Ferrovial SE can repurchase up to 10,000,000 shares.
When is the new share buy-back program expected to start and end?
The program is expected to commence on June 26, 2024, and conclude by December 31, 2024.
What percentage of Ferrovial SE's share capital does the buy-back represent?
The buy-back of up to 10,000,000 shares represents approximately 0.76% of the company's share capital.
Filing Stats: 247 words · 1 min read · ~1 pages · Grade level 8.6 · Accepted 2024-06-25 11:14:47
Filing Documents
- sharecapitalbuy-backprogra.htm (6-K) — 30KB
- oircapitalsocial_eng.htm (EX-99.1) — 1KB
- ferrovialtransactionsbuy.htm (EX-99.2) — 3KB
- ferrovialtransactionsbuy001.jpg (GRAPHIC) — 163KB
- ferrovialtransactionsbuy002.jpg (GRAPHIC) — 68KB
- oircapitalsocial_eng001.jpg (GRAPHIC) — 45KB
- 0001468522-24-000032.txt ( ) — 415KB
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 25, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer