Core Viewpoint - Ferrovial has decided to terminate its current share buyback program and has announced a new repurchase program with specific investment and operational guidelines [1][2][3]. Summary by Sections Current Buyback Program - The ongoing buyback program initiated on June 2, 2025, will be terminated effective from the closing of U.S. stock exchanges on December 12, 2025 [1]. New Repurchase Program - A new share repurchase program has been authorized with a maximum investment of EUR 800 million, allowing for the acquisition of up to 15 million shares, which is approximately 2.04% of Ferrovial's issued share capital [2][3]. - The purpose of the new program is to support future projects aligned with the company's strategic objectives and to facilitate corporate actions involving treasury shares [2]. Purchase Conditions - Shares will be purchased at prices not exceeding the higher of the last independent trade price or the highest current independent purchase bid [4]. - The volume of shares purchased on any trading day will not exceed 25% of the average daily trading volume over the preceding 20 trading days [4]. Duration and Flexibility - The new repurchase program is set to run from December 15, 2025, to October 15, 2026, with the possibility of extension or early termination based on investment limits or other circumstances [6]. Disclosure and Execution - Amendments and transactions under the new program will be disclosed to relevant authorities and published on the company's website [7]. - Goldman Sachs has been appointed as the broker to execute purchases under the new program, making independent trading decisions [8]. Company Overview - Ferrovial is a leading global infrastructure company operating in over 15 countries with a workforce exceeding 25,000. It is listed on Euronext Amsterdam, the Spanish Stock Exchanges, and Nasdaq, and is part of Spain's IBEX 35 index [11].
Ferrovial announces the termination of its existing share repurchase program and the implementation of a new share repurchase program