Ferrovial SE Launches €200M Share Buyback Program
Ticker: FER · Form: 6-K · Filed: Oct 22, 2024 · CIK: 1468522
Sentiment: neutral
Topics: share-repurchase, capital-reduction, shareholder-value
TL;DR
Ferrovial SE is buying back up to €200M in stock until April 2025.
AI Summary
Ferrovial SE announced a new share repurchase program on October 22, 2024, authorizing the acquisition of up to 10,000,000 shares, representing approximately 1.25% of the company's share capital. The program will run from October 23, 2024, to April 22, 2025, with a maximum aggregate value of €200 million. This initiative aims to reduce share capital and potentially enhance shareholder value.
Why It Matters
This buyback program signals management's confidence in the company's valuation and can lead to increased earnings per share, potentially benefiting existing shareholders.
Risk Assessment
Risk Level: low — Share repurchase programs are common financial strategies and do not inherently indicate significant new risks for the company.
Key Numbers
- €200 million — Share Repurchase Program Value (Maximum amount the company will spend on buying back its own shares.)
- 10,000,000 shares — Maximum Shares for Repurchase (The total number of shares Ferrovial SE is authorized to buy back.)
- 1.25% — Repurchase as % of Share Capital (Indicates the scale of the buyback relative to the company's total outstanding shares.)
Key Players & Entities
- Ferrovial SE (company) — Registrant and issuer of the repurchase program
- October 22, 2024 (date) — Date of the announcement and filing
- 10,000,000 shares (dollar_amount) — Maximum number of shares to be repurchased
- 1.25% (dollar_amount) — Percentage of share capital represented by the repurchase
- October 23, 2024 (date) — Start date of the repurchase program
- April 22, 2025 (date) — End date of the repurchase program
- €200 million (dollar_amount) — Maximum aggregate value of the share repurchase program
FAQ
What is the primary purpose of Ferrovial SE's new share repurchase program?
The program aims to reduce the company's share capital and potentially enhance shareholder value through the acquisition of its own shares.
What is the maximum number of shares Ferrovial SE plans to repurchase?
Ferrovial SE plans to repurchase up to 10,000,000 shares.
What is the total monetary value authorized for this share repurchase program?
The maximum aggregate value authorized for the share repurchase program is €200 million.
When does the Ferrovial SE share repurchase program commence and conclude?
The program is set to commence on October 23, 2024, and will conclude on April 22, 2025.
What percentage of Ferrovial SE's share capital does the maximum repurchase represent?
The maximum repurchase of 10,000,000 shares represents approximately 1.25% of the company's share capital.
Filing Stats: 213 words · 1 min read · ~1 pages · Grade level 10.2 · Accepted 2024-10-22 08:04:11
Filing Documents
- a6krepurchaseprogram14-181.htm (6-K) — 29KB
- ferrovialtransactionspro.htm (EX-99.1) — 3KB
- ferrovialtransactionspro001.jpg (GRAPHIC) — 154KB
- ferrovialtransactionspro002.jpg (GRAPHIC) — 149KB
- ferrovialtransactionspro003.jpg (GRAPHIC) — 127KB
- 0001468522-24-000089.txt ( ) — 626KB
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 22, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer