Ferrovial SE Launches Share Buyback Program
Ticker: FER · Form: 6-K · Filed: Jul 19, 2024 · CIK: 1468522
| Field | Detail |
|---|---|
| Company | Ferrovial Se (FER) |
| Form Type | 6-K |
| Filed Date | Jul 19, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: share-buyback, capital-allocation, shareholder-value
TL;DR
Ferrovial is buying back up to 10M shares by year-end, signaling confidence.
AI Summary
Ferrovial SE announced a new share buyback program on July 19, 2024, authorizing the repurchase of up to 10,000,000 shares, representing approximately 1.26% of the company's issued share capital. The program will be executed through the acquisition of shares on the stock market and is expected to be completed by December 31, 2024. This initiative aims to reduce share capital and potentially enhance shareholder value.
Why It Matters
This buyback program signals Ferrovial's confidence in its financial position and its commitment to returning value to shareholders, which could positively impact its stock price.
Risk Assessment
Risk Level: low — Share buybacks are a common capital allocation strategy and generally indicate a stable financial outlook for the company.
Key Numbers
- 10,000,000 — Shares to Buyback (Represents up to 1.26% of issued share capital)
- 1.26% — Share Capital Percentage (Proportion of issued share capital the buyback represents)
Key Players & Entities
- Ferrovial SE (company) — Filer of the report and subject of the buyback program
- 10,000,000 shares (dollar_amount) — Maximum number of shares to be repurchased
- July 19, 2024 (date) — Date of the announcement and filing
- December 31, 2024 (date) — Expected completion date of the buyback program
FAQ
What is the maximum number of shares Ferrovial SE intends to repurchase?
Ferrovial SE intends to repurchase up to 10,000,000 shares.
What percentage of the company's issued share capital does the buyback represent?
The buyback represents approximately 1.26% of Ferrovial SE's issued share capital.
When is the share buyback program expected to be completed?
The program is expected to be completed by December 31, 2024.
How will the shares be acquired?
The shares will be acquired through the acquisition of shares on the stock market.
What is the purpose of this share buyback program?
The program aims to reduce share capital and potentially enhance shareholder value.
Filing Stats: 213 words · 1 min read · ~1 pages · Grade level 10 · Accepted 2024-07-19 07:58:18
Filing Documents
- a6kbuybackprogram10-17724.htm (6-K) — 28KB
- ferrovialtransactionsbuy.htm (EX-99.1) — 3KB
- ferrovialtransactionsbuy001.jpg (GRAPHIC) — 156KB
- ferrovialtransactionsbuy002.jpg (GRAPHIC) — 153KB
- ferrovialtransactionsbuy003.jpg (GRAPHIC) — 158KB
- 0001468522-24-000042.txt ( ) — 676KB
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 19, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer