Ferrovial SE Launches Share Repurchase Program
Ticker: FER · Form: 6-K · Filed: Oct 15, 2024 · CIK: 1468522
| Field | Detail |
|---|---|
| Company | Ferrovial Se (FER) |
| Form Type | 6-K |
| Filed Date | Oct 15, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, employee-plans, dilution-offset
TL;DR
Ferrovial is buying back shares to offset dilution from employee plans.
AI Summary
Ferrovial SE announced on October 15, 2024, a new share repurchase program. The company intends to repurchase up to 10,000,000 shares, representing approximately 0.76% of the company's share capital. This program is designed to offset the dilutive effect of the company's employee share plans.
Why It Matters
This share repurchase program aims to maintain shareholder value by counteracting dilution from employee stock plans, signaling confidence in the company's financial stability.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a share repurchase program, which is a common corporate action with limited immediate risk.
Key Numbers
- 10,000,000 — Shares to Repurchase (Part of a new share repurchase program to offset dilution.)
- 0.76% — Share Capital (Represents the maximum percentage of share capital to be repurchased.)
Key Players & Entities
- Ferrovial SE (company) — Registrant
- 10,000,000 shares (dollar_amount) — Maximum number of shares to be repurchased
- 0.76% (dollar_amount) — Percentage of share capital represented by repurchase
- October 15, 2024 (date) — Announcement date
FAQ
What is the primary purpose of Ferrovial SE's new share repurchase program?
The primary purpose is to offset the dilutive effect of the company's employee share plans.
How many shares does Ferrovial SE intend to repurchase?
Ferrovial SE intends to repurchase up to 10,000,000 shares.
What percentage of the company's share capital does the repurchase program represent?
The repurchase program represents approximately 0.76% of the company's share capital.
When was this share repurchase program announced?
The share repurchase program was announced on October 15, 2024.
What type of filing is this announcement?
This announcement is made via a Form 6-K filing.
Filing Stats: 214 words · 1 min read · ~1 pages · Grade level 10.3 · Accepted 2024-10-15 10:11:27
Filing Documents
- a6krepurchaseprogram151024.htm (6-K) — 28KB
- ferrovialtransactionspro.htm (EX-99.1) — 3KB
- ferrovialtransactionspro001.jpg (GRAPHIC) — 155KB
- ferrovialtransactionspro002.jpg (GRAPHIC) — 150KB
- ferrovialtransactionspro003.jpg (GRAPHIC) — 155KB
- 0001468522-24-000084.txt ( ) — 666KB
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 October 15, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer