Ferrovial Implements Buy-Back Program; To Repurchase Ferrovial Shares In Context Of Different Corporate Actions; Maximum Investment Of €300 Million; Program Has Been Authorized To Feb 28, 2025; Maximum Number Of Shares To Be Acquired Of Up To 30M, About 4.1% Of Co's Share Capital
Portfolio Pulse from Benzinga Newsdesk
Ferrovial has announced a buy-back program to repurchase its shares, with a maximum investment of €300 million and a cap of 30 million shares, representing about 4.1% of its share capital. The program is authorized until February 28, 2025.

August 23, 2024 | 2:34 pm
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Ferrovial's buy-back program aims to repurchase up to 30 million shares, representing 4.1% of its share capital, with a maximum investment of €300 million. This move is likely to support the stock price by reducing the number of shares in circulation.
The buy-back program indicates Ferrovial's confidence in its own stock value and is a common strategy to return value to shareholders. By reducing the number of shares in circulation, the program can increase earnings per share and potentially support the stock price.
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