Ferrovial SE Launches Share Buy-Back Program
Ticker: FER · Form: 6-K · Filed: Jul 3, 2024 · CIK: 1468522
Sentiment: neutral
Topics: share-buyback, capital-return, stock-repurchase
TL;DR
Ferrovial SE is buying back up to 10M shares until Sept 27, 2024.
AI Summary
Ferrovial SE announced on July 3, 2024, the commencement of a new share buy-back program. The company plans to repurchase up to 10,000,000 shares, representing approximately 0.76% of its current share capital. This program is authorized by the General Shareholders' Meeting held on June 14, 2024, and will run until September 27, 2024.
Why It Matters
This buy-back program indicates Ferrovial's confidence in its financial position and may signal a commitment to returning value to shareholders.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a share buy-back program, which is a common corporate action.
Key Numbers
- 10,000,000 — Shares to be Repurchased (Maximum number of shares under the buy-back program.)
- 0.76% — Percentage of Share Capital (Represents the portion of the company's share capital the buy-back program can affect.)
Key Players & Entities
- Ferrovial SE (company) — Registrant
- June 14, 2024 (date) — Date of General Shareholders' Meeting
- September 27, 2024 (date) — End date of buy-back program
- 10,000,000 (dollar_amount) — Maximum number of shares to be repurchased
FAQ
What is the purpose of this share buy-back program?
The filing states the program is to "acquire shares for treasury" and to "reduce the share capital of the Company" as authorized by the General Shareholders' Meeting.
What is the maximum number of shares Ferrovial SE intends to repurchase?
Ferrovial SE intends to repurchase a maximum of 10,000,000 shares.
When does the share buy-back program officially end?
The program is authorized to continue until September 27, 2024.
What percentage of the company's share capital does the buy-back represent?
The 10,000,000 shares represent approximately 0.76% of the company's current share capital.
When was the authorization for this buy-back program granted?
The authorization for this buy-back program was granted by the General Shareholders' Meeting held on June 14, 2024.
Filing Stats: 214 words · 1 min read · ~1 pages · Grade level 10 · Accepted 2024-07-03 09:50:33
Filing Documents
- a6kbuy-backprogram3724.htm (6-K) — 27KB
- ferrovialtransactionsbuy.htm (EX-99.1) — 3KB
- ferrovialtransactionsbuy001.jpg (GRAPHIC) — 153KB
- ferrovialtransactionsbuy002.jpg (GRAPHIC) — 153KB
- ferrovialtransactionsbuy003.jpg (GRAPHIC) — 129KB
- 0001468522-24-000034.txt ( ) — 630KB
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 July 3, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer