Ferrovial SE Launches Share Repurchase Program
Ticker: FER · Form: 6-K · Filed: Nov 26, 2024 · CIK: 1468522
Sentiment: neutral
Topics: share-repurchase, dilution-management, employee-incentives
TL;DR
Ferrovial buying back up to 10M shares by year-end to offset dilution.
AI Summary
Ferrovial SE announced on November 26, 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 expected to be completed by December 31, 2024, and aims to offset the dilutive effect of employee share-based incentive plans.
Why It Matters
This repurchase program indicates Ferrovial's commitment to managing its share count and potentially boosting shareholder value by offsetting dilution from employee incentives.
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 (Maximum number of shares Ferrovial SE plans to buy back under the new program.)
- 0.76% — Share Capital Percentage (Represents the portion of the company's total share capital that the repurchase program could affect.)
Key Players & Entities
- Ferrovial SE (company) — Filer of the report and subject of the repurchase program
- November 26, 2024 (date) — Date of the announcement and filing
- December 31, 2024 (date) — Expected completion date of the repurchase program
- 10,000,000 shares (dollar_amount) — Maximum number of shares to be repurchased
- 0.76% (dollar_amount) — Percentage of share capital represented by the repurchase program
FAQ
What is the primary purpose of Ferrovial SE's new share repurchase program?
The primary purpose is to offset the dilutive effect of shares issued under the company's employee share-based incentive plans.
What is the maximum number of shares Ferrovial SE intends to repurchase?
Ferrovial SE intends to repurchase up to 10,000,000 shares.
By what date is the share repurchase program expected to be completed?
The program is expected to be completed by December 31, 2024.
What percentage of Ferrovial SE's share capital does the repurchase program represent?
The repurchase program represents approximately 0.76% of the company's share capital.
What form is Ferrovial SE filing with the SEC for this announcement?
Ferrovial SE is filing a Form 6-K, which is a Report of Foreign Private Issuer.
Filing Stats: 219 words · 1 min read · ~1 pages · Grade level 10.6 · Accepted 2024-11-26 07:48:19
Filing Documents
- a6-krepurchaseprogram261124.htm (6-K) — 29KB
- ferrovialtransactionspro.htm (EX-99.1) — 3KB
- ferrovialtransactionspro001.jpg (GRAPHIC) — 158KB
- ferrovialtransactionspro002.jpg (GRAPHIC) — 157KB
- ferrovialtransactionspro003.jpg (GRAPHIC) — 152KB
- 0001468522-24-000116.txt ( ) — 677KB
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 26, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer