Ferrovial SE Launches Share Buyback Program
Ticker: FER · Form: 6-K · Filed: Sep 10, 2024 · CIK: 1468522
Sentiment: neutral
Topics: share-buyback, capital-allocation, shareholder-value
TL;DR
Ferrovial is buying back up to 1.25% of its shares by year-end.
AI Summary
Ferrovial SE announced a new share buyback program on September 10, 2024, authorizing the repurchase of up to 10,000,000 shares, representing approximately 1.25% of the company's 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, potentially impacting the stock price.
Risk Assessment
Risk Level: low — Share buybacks are a common capital allocation strategy and generally carry low inherent risk for the company.
Key Numbers
- 10,000,000 shares — Shares to be repurchased (Represents up to 1.25% of the company's share capital.)
- 1.25% — Percentage of share capital (The buyback program's size relative to outstanding shares.)
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
- 1.25% (dollar_amount) — Percentage of share capital represented by the buyback
- September 10, 2024 (date) — Date of the announcement
- 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 share capital does the buyback represent?
The buyback program represents approximately 1.25% of Ferrovial SE's 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 Ferrovial SE execute the share repurchase?
The repurchase will be executed through the acquisition of shares on the stock market.
What is the primary 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 10.2 · Accepted 2024-09-10 12:53:49
Filing Documents
- a6-kbuybackprogram3x6924.htm (6-K) — 28KB
- ferrovialtransactionspro.htm (EX-99.1) — 3KB
- ferrovialtransactionspro001.jpg (GRAPHIC) — 158KB
- ferrovialtransactionspro002.jpg (GRAPHIC) — 154KB
- ferrovialtransactionspro003.jpg (GRAPHIC) — 87KB
- 0001468522-24-000071.txt ( ) — 581KB
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 10, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer