Ferrovial SE Launches Up to €1 Billion Share Buyback Program
Ticker: FER · Form: 6-K · Filed: Sep 3, 2024 · CIK: 1468522
| Field | Detail |
|---|---|
| Company | Ferrovial Se (FER) |
| Form Type | 6-K |
| Filed Date | Sep 3, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, capital-return, employee-plans
TL;DR
Ferrovial is buying back up to €1B in stock to offset employee plans.
AI Summary
Ferrovial SE announced on September 3, 2024, a share repurchase program of up to €1 billion. This program is intended to offset the dilutive effect of the company's employee share plans and will be executed through open market purchases. The program is authorized by the company's shareholders and will run until the earlier of the date of the next annual general meeting or a specific shareholder meeting called for this purpose.
Why It Matters
This buyback program signals Ferrovial's commitment to returning value to shareholders and managing its share count, potentially supporting the stock price.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a share repurchase program, which is a common corporate action.
Key Numbers
- €1 billion — Share Repurchase Program (Maximum amount Ferrovial SE intends to spend on buying back its shares.)
Key Players & Entities
- Ferrovial SE (company) — Issuer of the 6-K filing and subject of the repurchase program.
- €1 billion (dollar_amount) — Maximum value of the share repurchase program.
- September 3, 2024 (date) — Date of the announcement of the share repurchase program.
FAQ
What is the primary purpose of Ferrovial SE's share repurchase program?
The primary purpose is to offset the dilutive effect of shares issued under the company's employee share plans.
What is the maximum amount Ferrovial SE plans to spend on this repurchase program?
Ferrovial SE plans to spend up to €1 billion on the share repurchase program.
When was this share repurchase program announced?
The share repurchase program was announced on September 3, 2024.
How will Ferrovial SE execute the share repurchases?
The repurchases will be executed through open market purchases.
What is the duration of the share repurchase program?
The program will continue until the earlier of the date of the next annual general meeting or a specific shareholder meeting called for this purpose.
Filing Stats: 215 words · 1 min read · ~1 pages · Grade level 9.9 · Accepted 2024-09-03 12:46:05
Filing Documents
- a6kferrovialrepurchaseprog.htm (6-K) — 28KB
- a1ferrovialtransactionsp.htm (EX-99.1) — 3KB
- a1ferrovialtransactionsp001.jpg (GRAPHIC) — 167KB
- a1ferrovialtransactionsp002.jpg (GRAPHIC) — 155KB
- a1ferrovialtransactionsp003.jpg (GRAPHIC) — 109KB
- 0001468522-24-000068.txt ( ) — 625KB
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 September 3, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer