Ferrovial SE Launches Share Buy-Back Program
Ticker: FER · Form: 6-K · Filed: Aug 20, 2024 · CIK: 1468522
Sentiment: neutral
Topics: share-buyback, capital-reduction, corporate-action
TL;DR
Ferrovial is buying back up to 16.8M shares from Aug 21 to Sep 30 to cut capital.
AI Summary
Ferrovial SE announced a new share buy-back program on August 20, 2024, authorizing the repurchase of up to 16,824,000 shares. This program is set to commence on August 21, 2024, and will conclude by September 30, 2024, with the aim of reducing the company's share capital.
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
- 16,824,000 — Shares to Buy Back (This is the maximum number of shares Ferrovial SE intends to repurchase under the new program.)
Key Players & Entities
- Ferrovial SE (company) — Filer of the report and subject of the share buy-back program
- 16,824,000 shares (dollar_amount) — Maximum number of shares to be repurchased
- August 20, 2024 (date) — Date of the report and announcement
- August 21, 2024 (date) — Start date of the share buy-back program
- September 30, 2024 (date) — End date of the share buy-back program
FAQ
What is the primary purpose of this share buy-back program?
The primary purpose is to reduce the company's share capital.
When will the share buy-back program commence and when will it end?
The program will commence on August 21, 2024, and will conclude by September 30, 2024.
What is the maximum number of shares Ferrovial SE plans to repurchase?
Ferrovial SE plans to repurchase up to 16,824,000 shares.
What type of filing is this report?
This is a Form 6-K report, which is a report of foreign private issuer pursuant to Section 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
Where is Ferrovial SE's principal executive office located?
Ferrovial SE's principal executive office is located at Gustav Mahlerplein 61-63, Symphony Towers, 14th Floor, 1082 MS Amsterdam, The Netherlands.
Filing Stats: 214 words · 1 min read · ~1 pages · Grade level 10 · Accepted 2024-08-20 08:33:00
Filing Documents
- sharebuy-backprogram9x16824.htm (6-K) — 28KB
- ferrovialtransactionsbuy.htm (EX-99.1) — 3KB
- ferrovialtransactionsbuy001.jpg (GRAPHIC) — 156KB
- ferrovialtransactionsbuy002.jpg (GRAPHIC) — 151KB
- ferrovialtransactionsbuy003.jpg (GRAPHIC) — 148KB
- ferrovialtransactionsbuy004.jpg (GRAPHIC) — 65KB
- 0001468522-24-000060.txt ( ) — 748KB
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 20, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer