SHAREHOLDER REMUNERATION
The company held its AGM on 5 April 2017. The AGM approved two capital increases, by means of the issuance of new ordinary shares, with no issue premium, of the same class and series as those at present in circulation, charged to reserves.
These increases form part of the shareholder remuneration system known as the “Ferrovial Scrip Dividend”, which the company introduced in 2014, to replace the traditional complementary dividend payment for 2016 and the 2017 interim dividend.
The purpose of this programme is to offer Ferrovial’s shareholders the option, at their choice, of receiving free new shares in Ferrovial, though without altering cash payments to its shareholders, as they can alternatively opt to receive a cash payment by means of selling the free rights that they receive against the shares they already own to Ferrovial (or selling them in the market).
SCRIP DIVIDEND DETAILS |
MAY-17 |
NOV-17 |
Guaranteed set price to purchase rights |
0.315 |
0.404 |
Number of rights to receive per new share |
61 |
45 |
% of shareholders that chose shares as dividend |
58.05% |
59.30% |
% of shareholders chose cash as dividend |
41.95% |
40.70% |
Number of new shares issued |
6,971,168 |
9,746,022 |
Number of rights purchased |
307,307,195 |
300,948,587 |