Ferrovial SE Launches €200M Share Buy-Back Program
Ticker: FER · Form: 6-K · Filed: Oct 29, 2024 · CIK: 1468522
| Field | Detail |
|---|---|
| Company | Ferrovial Se (FER) |
| Form Type | 6-K |
| Filed Date | Oct 29, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-return, stock-repurchase
TL;DR
Ferrovial SE is buying back up to €200M in stock, starting Nov 4th.
AI Summary
Ferrovial SE announced a new share buy-back program on October 29, 2024, authorizing the repurchase of up to 10,000,000 shares, representing approximately 0.76% of the company's issued share capital. The program will commence on November 4, 2024, and conclude by April 28, 2025, with a maximum aggregate value of €200 million.
Why It Matters
This buy-back program signals management's confidence in the company's valuation and can potentially increase earnings per share by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — Share buy-back programs are common corporate actions and generally considered low risk for investors.
Key Numbers
- 10,000,000 — Shares to be repurchased (Represents up to 0.76% of the company's issued share capital.)
- €200 million — Maximum buy-back value (The total financial commitment for the share repurchase.)
Key Players & Entities
- Ferrovial SE (company) — Issuer of the 6-K filing and subject of the buy-back program.
- 10,000,000 (dollar_amount) — Maximum number of shares to be repurchased.
- 0.76% (dollar_amount) — Percentage of issued share capital the buy-back represents.
- November 4, 2024 (date) — Start date of the share buy-back program.
- April 28, 2025 (date) — End date of the share buy-back program.
- €200 million (dollar_amount) — Maximum aggregate value of the share buy-back program.
FAQ
What is the primary purpose of this 6-K filing?
This 6-K filing is to announce Ferrovial SE's new share buy-back program.
How many shares can Ferrovial SE repurchase under this program?
Ferrovial SE can repurchase up to 10,000,000 shares.
What is the maximum financial value of the buy-back program?
The maximum aggregate value of the buy-back program is €200 million.
When does the share buy-back program start and end?
The program will commence on November 4, 2024, and conclude by April 28, 2025.
What percentage of Ferrovial SE's issued share capital does the buy-back represent?
The buy-back represents approximately 0.76% of the company's issued share capital.
Filing Stats: 213 words · 1 min read · ~1 pages · Grade level 10.2 · Accepted 2024-10-29 11:26:00
Filing Documents
- a6-kbuyxbackprogram291024.htm (6-K) — 28KB
- ferrovialtransactionspro.htm (EX-99.1) — 3KB
- ferrovialtransactionspro001.jpg (GRAPHIC) — 155KB
- ferrovialtransactionspro002.jpg (GRAPHIC) — 150KB
- ferrovialtransactionspro003.jpg (GRAPHIC) — 149KB
- 0001468522-24-000099.txt ( ) — 656KB
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 29, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer