MADRID, 10 May. (EUROPA PRESS) –
Ferrovial has announced a flexible interim dividend, charged to reserves, payable in cash or shares starting next June 21, for an amount of 0.3033 euros per share, according to the documentation sent to the National Securities Market Commission (CNMV).
The company, which debuted yesterday on the New York Stock Exchange with slight falls, has indicated that its shares will be listed ex-dividend starting May 20 on the Spanish Stock Exchanges, on the Euronext Amsterdam and on the American Nasdaq. The record date of the dividend will be May 21.
The number of shares necessary to receive one new share will be determined based on the volume-weighted average price of all Ferrovial shares traded on the Spanish stock exchanges on June 3, 4 and 5, 2024. Ferrovial will calculate the ratio so that the gross value in euros of the share dividend is approximately equal to the gross cash dividend.
Ferrovial shareholders will be able to choose between receiving the dividend in cash or in new shares from May 22 to June 5. If no election is made during the relevant period, the stock dividend will be deemed to have been elected.
Cash dividends, where applicable, are in principle subject to a 15% withholding tax in accordance with Dutch regulations, which will be deducted from the cash amount payable. Dividends in the form of new shares, which will be paid from reserves, are in principle subject to dividend withholding in accordance with Dutch regulations (17.65%), but only with respect to the nominal value of said new shares ( which amounts to 0.01 euros per share).
The payment of the cash dividend and the delivery of new shares will take place from June 21 based on the number of shares existing on the record date of the dividend.
