Ferrovial SA said late Thursday that it is launching a share-buyback program.
The Spanish infrastructure company said the maximum investment in the buyback will be 25 million euros ($30.4 million), or a maximum 1 million shares, around 0.34% of current share capital. The purchase price won't exceed the price of the last independent trade, the company said.
The program begins Friday and will last until March 8 inclusive, or earlier if the threshold is reached.
The shares bought will be transmitted to executives, managers and employees as part of performance-based and other compensation schemes, Ferrovial said.
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February 26, 2021 at 01:52PM
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Ferrovial launches EUR25M share buyback - MarketWatch
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