Ferrovial SE Launches Share Buy-Back Program
Ticker: FER · Form: 6-K · Filed: Sep 24, 2024 · CIK: 1468522
Sentiment: bullish
Topics: share-buyback, capital-return, corporate-action
TL;DR
Ferrovial is buying back up to 10M shares at max €35/share until Oct 31. Bullish signal.
AI Summary
Ferrovial SE announced a share buy-back program on September 24, 2024, authorizing the repurchase of up to 10,000,000 shares, representing approximately 0.76% of the company's share capital. The program is set to commence on September 25, 2024, and will conclude by October 31, 2024. The shares will be acquired at a maximum price of €35.00 per share.
Why It Matters
This buy-back program signals Ferrovial's confidence in its valuation and aims to return capital to shareholders, potentially boosting the stock price.
Risk Assessment
Risk Level: low — Share buy-back programs are common corporate actions and generally indicate financial health and confidence.
Key Numbers
- 10,000,000 — Shares to be repurchased (Represents up to 0.76% of the company's share capital.)
- €35.00 — Maximum price per share (The highest price Ferrovial will pay for each share.)
Key Players & Entities
- Ferrovial SE (company) — Filer of the report and subject of the buy-back program
- 10,000,000 shares (dollar_amount) — Maximum number of shares to be repurchased
- September 24, 2024 (date) — Date of the announcement
- September 25, 2024 (date) — Start date of the buy-back program
- October 31, 2024 (date) — End date of the buy-back program
- €35.00 (dollar_amount) — Maximum price per share for the buy-back
FAQ
What is the total value of the share buy-back program?
The filing does not state a total monetary value, but it authorizes the repurchase of up to 10,000,000 shares at a maximum price of €35.00 per share.
What percentage of Ferrovial's share capital does the buy-back represent?
The buy-back of up to 10,000,000 shares represents approximately 0.76% of Ferrovial SE's share capital.
When will the share buy-back program begin and end?
The program is scheduled to commence on September 25, 2024, and will conclude by October 31, 2024.
Is this buy-back program mandatory?
The filing states the program authorizes the repurchase of shares, indicating it is not mandatory but rather at the company's discretion within the specified parameters.
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: 213 words · 1 min read · ~1 pages · Grade level 10.2 · Accepted 2024-09-24 12:27:00
Filing Documents
- a6-kbuyxbackprogram16x20924.htm (6-K) — 28KB
- ferrovialtransactionspro.htm (EX-99.1) — 3KB
- ferrovialtransactionspro001.jpg (GRAPHIC) — 150KB
- ferrovialtransactionspro002.jpg (GRAPHIC) — 153KB
- ferrovialtransactionspro003.jpg (GRAPHIC) — 125KB
- 0001468522-24-000076.txt ( ) — 623KB
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 24, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer