Ferrovial SE Announces Share Repurchase Program
Ticker: FER · Form: 6-K · Filed: Sep 17, 2024 · CIK: 1468522
| Field | Detail |
|---|---|
| Company | Ferrovial Se (FER) |
| Form Type | 6-K |
| Filed Date | Sep 17, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, stock-plan, dilution-offset
TL;DR
Ferrovial SE is buying back ~0.75% of its stock to offset employee stock plans.
AI Summary
Ferrovial SE announced on September 17, 2024, a share repurchase program. The company intends to repurchase up to 9.139 million of its own shares, representing approximately 0.75% of its total issued share capital. This program is designed to offset the dilutive effect of the company's employee share incentive plans.
Why It Matters
This share repurchase program aims to maintain the value of existing shares by counteracting dilution from employee stock plans, potentially signaling confidence in the company's future performance.
Risk Assessment
Risk Level: low — Share repurchase programs are common and generally considered a routine corporate action with limited immediate risk.
Key Numbers
- 9.139 million — Shares to Repurchase (Represents up to 0.75% of the company's issued share capital.)
- 0.75% — Repurchase Percentage (Indicates the scale of the buyback relative to total shares.)
Key Players & Entities
- Ferrovial SE (company) — Filer of the report and subject of the repurchase program
- September 17, 2024 (date) — Date of the report and announcement
- 9.139 million (dollar_amount) — Maximum number of shares to be repurchased
- 0.75% (dollar_amount) — Percentage of total issued share capital to be repurchased
FAQ
What is the primary purpose of Ferrovial SE's share repurchase program?
The program is intended to offset the dilutive effect of the company's employee share incentive plans.
How many shares does Ferrovial SE plan to repurchase?
Ferrovial SE plans to repurchase up to 9.139 million of its own shares.
What percentage of Ferrovial SE's share capital does the repurchase represent?
The repurchase represents approximately 0.75% of the company's total issued share capital.
When was this share repurchase program announced?
The program was announced on September 17, 2024.
What type of filing is this report?
This report is a Form 6-K, a report of a foreign private issuer.
Filing Stats: 213 words · 1 min read · ~1 pages · Grade level 10.2 · Accepted 2024-09-17 12:00:55
Filing Documents
- a6-krepurchaseprogram9x139.htm (6-K) — 28KB
- ferrovialtransactionspro.htm (EX-99.1) — 3KB
- ferrovialtransactionspro001.jpg (GRAPHIC) — 159KB
- ferrovialtransactionspro002.jpg (GRAPHIC) — 159KB
- ferrovialtransactionspro003.jpg (GRAPHIC) — 127KB
- 0001468522-24-000073.txt ( ) — 646KB
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 17, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer