Ferrovial SE Launches Share Buy-Back Program
Ticker: FER · Form: 6-K · Filed: Jul 11, 2024 · CIK: 1468522
Sentiment: neutral
Topics: share-buyback, stock-options, dilution
TL;DR
Ferrovial is buying back up to 10M shares to offset stock options. Good for shareholders.
AI Summary
Ferrovial SE announced on July 11, 2024, 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 intended to offset the dilution resulting from the exercise of stock options granted under its long-term incentive plans.
Why It Matters
This buy-back program signals Ferrovial's commitment to managing its share count and potentially increasing shareholder value by offsetting dilution from employee stock options.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a share buy-back program, which is a common corporate action with limited immediate risk.
Key Numbers
- 10,000,000 shares — Share Buy-Back (Maximum number of shares to be repurchased under the new program.)
- 0.76% — Share Capital (Represents the approximate percentage of current share capital the buy-back program will cover.)
Key Players & Entities
- Ferrovial SE (company) — Registrant
- 10,000,000 shares (dollar_amount) — Maximum number of shares to be repurchased
- July 11, 2024 (date) — Date of filing and announcement
FAQ
What is the primary purpose of this share buy-back program?
The program is intended to offset the dilution resulting from the exercise of stock options granted under Ferrovial SE's long-term incentive plans.
What is the maximum number of shares Ferrovial SE plans to repurchase?
Ferrovial SE plans to repurchase up to 10,000,000 shares.
What percentage of the company's share capital does the buy-back represent?
The buy-back represents approximately 0.76% of Ferrovial SE's current share capital.
When was this announcement filed with the SEC?
This Form 6-K was filed on July 11, 2024.
Under which section of the Securities Exchange Act is this report filed?
This report is filed pursuant to Section 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
Filing Stats: 215 words · 1 min read · ~1 pages · Grade level 10.5 · Accepted 2024-07-11 10:36:14
Filing Documents
- a11buy-backprogram2x911.htm (6-K) — 27KB
- ferrovialtransactionsbuy.htm (EX-99.1) — 3KB
- ferrovialtransactionsbuy001.jpg (GRAPHIC) — 163KB
- ferrovialtransactionsbuy002.jpg (GRAPHIC) — 149KB
- ferrovialtransactionsbuy003.jpg (GRAPHIC) — 110KB
- 0001468522-24-000037.txt ( ) — 612KB
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 11, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer