Ferrovial SE Launches €640M Share Buy-Back Program
Ticker: FER · Form: 6-K · Filed: Jul 29, 2024 · CIK: 1468522
Sentiment: neutral
Topics: share-buyback, capital-reduction, shareholder-return
TL;DR
Ferrovial is buying back up to €640M in stock over 12 months, max €35/share.
AI Summary
Ferrovial SE announced a new share buy-back program on July 29, 2024, authorizing the repurchase of up to 18,257,240 shares. This program, which will be executed over a period of no more than 12 months, aims to reduce the company's share capital. The shares will be acquired at a maximum price of €35 per share, with a total maximum expenditure of €640 million.
Why It Matters
This buy-back program signals Ferrovial's confidence in its financial health and its commitment to returning value to shareholders, potentially boosting the stock price.
Risk Assessment
Risk Level: low — Share buy-back programs are generally considered a routine financial maneuver with limited inherent risk to the company's operations.
Key Numbers
- 18,257,240 — Shares to Buy Back (Represents the maximum number of shares Ferrovial SE intends to repurchase.)
- €640 million — Maximum Expenditure (The total amount Ferrovial SE plans to spend on the share buy-back program.)
- €35 — Max Price Per Share (The highest price Ferrovial SE will pay for each repurchased share.)
Key Players & Entities
- Ferrovial SE (company) — Issuer of the 6-K filing and subject of the buy-back program.
- 18,257,240 (dollar_amount) — Number of shares authorized for repurchase.
- July 29, 2024 (date) — Date of the announcement and filing.
- €640 million (dollar_amount) — Maximum total expenditure for the share buy-back program.
- €35 (dollar_amount) — Maximum price per share for the buy-back.
FAQ
What is the primary purpose of this share buy-back program?
The primary purpose is to reduce the company's share capital.
What is the maximum number of shares Ferrovial SE plans to repurchase?
Ferrovial SE plans to repurchase up to 18,257,240 shares.
What is the maximum amount Ferrovial SE will spend on this buy-back program?
The total maximum expenditure for the program is €640 million.
What is the maximum price per share Ferrovial SE will pay?
The maximum price per share is €35.
What is the timeframe for this share buy-back program?
The program will be executed over a period of no more than 12 months.
Filing Stats: 213 words · 1 min read · ~1 pages · Grade level 10 · Accepted 2024-07-29 10:21:14
Filing Documents
- buy-backprogram18x25724.htm (6-K) — 27KB
- ferrovialtransactionsbuy.htm (EX-99.1) — 3KB
- ferrovialtransactionsbuy001.jpg (GRAPHIC) — 163KB
- ferrovialtransactionsbuy002.jpg (GRAPHIC) — 152KB
- ferrovialtransactionsbuy003.jpg (GRAPHIC) — 155KB
- 0001468522-24-000046.txt ( ) — 679KB
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 29, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer