Ferrovial SE Launches €200M Share Buy-Back Program
Ticker: FER · Form: 6-K · Filed: Aug 12, 2024 · CIK: 1468522
| Field | Detail |
|---|---|
| Company | Ferrovial Se (FER) |
| Form Type | 6-K |
| Filed Date | Aug 12, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: share-buyback, capital-return, financial-update
TL;DR
Ferrovial is buying back up to €200M in stock until year-end. Bullish.
AI Summary
Ferrovial SE announced a new share buy-back program on August 12, 2024, authorizing the repurchase of up to 10,000,000 shares, representing approximately 0.76% of the company's issued share capital. The program will run until December 31, 2024, with a maximum aggregate value of €200 million. This initiative aims to reduce share capital and potentially enhance shareholder value.
Why It Matters
This buy-back program signals Ferrovial's confidence in its financial position 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 low-risk capital allocation strategy for established companies.
Key Numbers
- €200M — Share Buy-Back Program Value (Maximum amount Ferrovial SE will spend on repurchasing its shares.)
- 10,000,000 — Shares to be Repurchased (The total number of shares Ferrovial SE plans to buy back.)
- 0.76% — Percentage of Issued Share Capital (The proportion of the company's total shares that the buy-back represents.)
Key Players & Entities
- Ferrovial SE (company) — Filer of the 6-K report and issuer of the shares
- August 12, 2024 (date) — Date of the announcement and filing
- December 31, 2024 (date) — End date of the share buy-back program
- €200 million (dollar_amount) — Maximum aggregate value of the share buy-back program
- 10,000,000 shares (dollar_amount) — Maximum number of shares to be repurchased
FAQ
What is the primary purpose of this share buy-back program?
The program is intended to reduce the company's share capital and potentially enhance shareholder value.
What is the maximum number of shares Ferrovial SE plans to repurchase?
Ferrovial SE plans to repurchase up to 10,000,000 shares.
What is the maximum monetary value of the share buy-back program?
The maximum aggregate value of the program is €200 million.
When does the share buy-back program officially end?
The program is authorized to run until December 31, 2024.
What percentage of Ferrovial SE's issued share capital does the buy-back represent?
The repurchase of up to 10,000,000 shares represents approximately 0.76% of the company's issued share capital.
Filing Stats: 214 words · 1 min read · ~1 pages · Grade level 10 · Accepted 2024-08-12 06:42:27
Filing Documents
- a6-kbuyxbackprogram12824.htm (6-K) — 27KB
- ferrovialtransactionsbuy.htm (EX-99.1) — 3KB
- ferrovialtransactionsbuy001.jpg (GRAPHIC) — 158KB
- ferrovialtransactionsbuy002.jpg (GRAPHIC) — 155KB
- ferrovialtransactionsbuy003.jpg (GRAPHIC) — 148KB
- 0001468522-24-000057.txt ( ) — 667KB
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 August 12, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer