2023-10-18 08:00:55
Ferrovial will distribute a second dividing on account of 0.4276 euros per share on November 22, which will be paid in cash or shares, at the shareholder’s choice, and charged to reserves, without the possibility of negotiable rights in relation to the flexible dividend.
The dividend registration date will be next October 26. One day before, on October 25, Ferrovial shares will be listed ex-dividend on the Spanish stock market and in the Amsterdam Stock Exchange. Subsequently, from October 27 to November 9, shareholders will be able to choose between receiving the dividend in cash or shares.
If no election is made during the corresponding period, it will be considered that the stock dividend has been elected and, consequently, this payment format will be used.
The number of shares of Ferrovial necessary to receive a new Ferrovial share will be determined based on the volume-weighted average price of all Ferrovial shares traded on the Spanish stock exchange on November 7, 8 and 9, 2023. Ferrovial will calculate this ratio so that the value gross euro dividend of the stock dividend is approximately equal to the gross cash dividend.
Both the ratio and the number of new Ferrovial shares that will be issued within the framework of the flexible dividend will be announced to the market on November 20, 2023, as explained this Monday to the National Markets and Securities Commission (CNMV).
Likewise, dividends in the form of new Ferrovial shares, which will be paid from reserves, are in principle subject to a 15% dividend withholding in accordance with Dutch regulations, but only with respect to the nominal value of said new shares. (which amounts to 0.01 euros per share). Ferrovial will be responsible for dividend withholding in accordance with Dutch regulations in relation to dividends paid in the form of shares.
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