Ferrovial SE Launches €500M Share Buyback Program
Ticker: FER · Form: 6-K · Filed: Dec 3, 2024 · CIK: 1468522
| Field | Detail |
|---|---|
| Company | Ferrovial Se (FER) |
| Form Type | 6-K |
| Filed Date | Dec 3, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: share-repurchase, capital-return, shareholder-value
TL;DR
Ferrovial is buying back up to €500M in stock, signaling confidence and aiming to boost shareholder value.
AI Summary
Ferrovial SE announced a new share repurchase program on December 3, 2024, authorizing the acquisition of up to 25,000,000 shares, representing approximately 3.1% of its issued share capital. The program will run from November 25, 2024, to November 28, 2025, with a maximum aggregate purchase price of €500 million. This initiative aims to reduce share capital and potentially enhance shareholder value.
Why It Matters
This significant share repurchase program signals Ferrovial's confidence in its financial health and its commitment to returning value to shareholders, potentially boosting the stock price.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a share repurchase program, which is a common corporate action and does not indicate unusual financial distress or significant new risks.
Key Numbers
- 25,000,000 — Shares to Repurchase (Represents approximately 3.1% of issued share capital)
- €500 million — Maximum Purchase Price (Total value authorized for the buyback program)
Key Players & Entities
- Ferrovial SE (company) — Filer of the report and subject of the share repurchase program
- 25,000,000 shares (dollar_amount) — Maximum number of shares to be repurchased
- €500 million (dollar_amount) — Maximum aggregate purchase price for the share repurchase program
- December 3, 2024 (date) — Date of the report filing
- November 25, 2024 (date) — Start date of the share repurchase program
- November 28, 2025 (date) — End date of the share repurchase program
FAQ
What is the primary purpose of this share repurchase program?
The program is intended to reduce the company's share capital and potentially enhance shareholder value.
What is the maximum number of shares Ferrovial SE plans to repurchase?
Ferrovial SE plans to repurchase up to 25,000,000 shares.
What is the total value authorized for this buyback program?
The maximum aggregate purchase price for the shares is €500 million.
What is the duration of the share repurchase program?
The program is set to run from November 25, 2024, to November 28, 2025.
What percentage of Ferrovial SE's issued share capital does the maximum repurchase represent?
The 25,000,000 shares represent approximately 3.1% of Ferrovial SE's issued share capital.
Filing Stats: 219 words · 1 min read · ~1 pages · Grade level 10.6 · Accepted 2024-12-03 10:17:29
Filing Documents
- a6-krepurchaseprogram25x29.htm (6-K) — 29KB
- ferrovialtransactionspro.htm (EX-99.1) — 3KB
- ferrovialtransactionspro001.jpg (GRAPHIC) — 157KB
- ferrovialtransactionspro002.jpg (GRAPHIC) — 141KB
- ferrovialtransactionspro003.jpg (GRAPHIC) — 109KB
- 0001468522-24-000118.txt ( ) — 594KB
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 December 3, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer