Ferrovial SE Launches Share Buyback Program
Ticker: FER · Form: 6-K · Filed: Nov 19, 2024 · CIK: 1468522
Sentiment: neutral
Topics: share-repurchase, stock-buyback, company-update
TL;DR
Ferrovial is buying back up to 10M shares over the next year, signaling confidence.
AI Summary
Ferrovial SE announced on November 19, 2024, a new share repurchase program. The company intends to repurchase up to 10,000,000 of its own shares, representing approximately 0.76% of its current share capital. This program is set to commence on November 20, 2024, and will conclude by November 19, 2025, or earlier if the maximum repurchase amount is reached.
Why It Matters
This share repurchase program indicates Ferrovial's confidence in its financial position and may signal a belief that its stock is undervalued, potentially benefiting existing shareholders through increased earnings per share.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a share repurchase program with a defined limit and timeframe, posing minimal immediate risk.
Key Numbers
- 10,000,000 — Shares to Repurchase (Maximum number of shares Ferrovial SE plans to buy back under the new program.)
- 0.76% — Share Capital Percentage (Represents the approximate percentage of Ferrovial SE's current share capital that the repurchase program aims to cover.)
Key Players & Entities
- Ferrovial SE (company) — Registrant
- 10,000,000 (dollar_amount) — Maximum number of shares to be repurchased
- November 19, 2024 (date) — Announcement date
- November 20, 2024 (date) — Program start date
- November 19, 2025 (date) — Program end date
FAQ
What is the maximum number of shares Ferrovial SE intends to repurchase?
Ferrovial SE intends to repurchase up to 10,000,000 of its own shares.
What is the timeframe for the share repurchase program?
The program is set to commence on November 20, 2024, and will conclude by November 19, 2025.
What percentage of its share capital does the repurchase program represent?
The repurchase program represents approximately 0.76% of Ferrovial SE's current share capital.
What is the filing date of this report?
This report was filed on November 19, 2024.
What is the principal executive office address of Ferrovial SE?
The 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 2024-11-19 13:29:00
Filing Documents
- a6krepurchaseprogram191124.htm (6-K) — 28KB
- ferrovialtransactionspro.htm (EX-99.1) — 3KB
- ferrovialtransactionspro001.jpg (GRAPHIC) — 153KB
- ferrovialtransactionspro002.jpg (GRAPHIC) — 148KB
- ferrovialtransactionspro003.jpg (GRAPHIC) — 129KB
- 0001468522-24-000114.txt ( ) — 624KB
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 19, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer