Ferrovial SE Launches €500M Share Buy-Back Program
Ticker: FER · Form: 6-K · Filed: Nov 5, 2024 · CIK: 1468522
Sentiment: neutral
Topics: share-buyback, incentive-plans, shareholder-value
TL;DR
Ferrovial is buying back up to €500M in stock to offset incentive plan dilution, starting Nov 6.
AI Summary
Ferrovial SE announced a share buy-back program on November 5, 2024, to repurchase shares up to a maximum aggregate value of €500 million. This program is intended to offset the dilutive effect of shares issued under its long-term incentive plans and will be executed through the acquisition of shares on regulated markets. The buy-back is authorized by the company's general meeting and will commence on November 6, 2024, and conclude by November 5, 2025.
Why It Matters
This buy-back program signals Ferrovial's commitment to shareholder value by reducing share dilution and potentially increasing earnings per share.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a share buy-back program, which is a common corporate action.
Key Numbers
- €500M — Share Buy-Back Value (Maximum amount Ferrovial SE intends to spend on repurchasing its shares.)
Key Players & Entities
- Ferrovial SE (company) — Filer of the report and subject of the share buy-back
- €500 million (dollar_amount) — Maximum aggregate value of the share buy-back program
- November 5, 2024 (date) — Date of the report and announcement
- November 6, 2024 (date) — Start date of the share buy-back program
- November 5, 2025 (date) — End date of the share buy-back program
FAQ
What is the primary purpose of the share buy-back program announced by Ferrovial SE?
The primary purpose is to offset the dilutive effect of shares issued under the company's long-term incentive plans.
What is the maximum aggregate value authorized for the share buy-back?
The maximum aggregate value authorized for the share buy-back is €500 million.
When will the share buy-back program commence?
The share buy-back program will commence on November 6, 2024.
What is the duration of the share buy-back program?
The share buy-back program will conclude by November 5, 2025.
How will the share buy-back be executed?
The buy-back will be executed through the acquisition of shares on regulated markets.
Filing Stats: 282 words · 1 min read · ~1 pages · Grade level 10.4 · Accepted 2024-11-05 14:19:35
Filing Documents
- a6ksharebuy-backpricescrip.htm (6-K) — 31KB
- a20241105dividendpershar.htm (EX-99.1) — 5KB
- ferrovialtransactionspro.htm (EX-99.2) — 3KB
- a20241105dividendpershar001.jpg (GRAPHIC) — 185KB
- a20241105dividendpershar002.jpg (GRAPHIC) — 178KB
- ferrovialtransactionspro001.jpg (GRAPHIC) — 158KB
- ferrovialtransactionspro002.jpg (GRAPHIC) — 151KB
- ferrovialtransactionspro003.jpg (GRAPHIC) — 93KB
- 0001468522-24-000104.txt ( ) — 1095KB
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 November 5, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer