Appendix III – Shareholder remuneration

The company held its AGM on 17 April 2020. 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. The purpose of this program 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 JUN-20 NOV-20
Guaranteed set price to purchase rights   0.312 0.2
Rights per share  71 100
% shareholders chose shares as dividends  59.3 % 81.1 %
% shareholders chose cash as dividends  40.8 % 18.9 %
Number of new shares issued  6,134,989 6,012,605
Number of rights purchase  299,631,164 140,089,808



On 27th February 2020, the Board of Directors of Ferrovial resolved to implement a buy-back program of the company’s own shares, in accordance with the authorization granted by the AGM held on 5 April 2017 under item ten of its agenda. 

Under this Buy-back Programme that ended on 4 December 2020, Ferrovial acquired a total amount of 11,704,701 own shares, representing 1.57% of Ferrovial’s current share capital, therefore no exceeding the limit of EUR360mn or 25 million shares. 

The share capital was subsequently reduced by EUR2,892,132.20 by means of the cancellation of 14,460,661 company shares held in the company’s treasury shares, including 2,755,960 shares held prior to the Board of Directors’ proposal, by the General Shareholders’ Meeting of Ferrovial held on 17 April 2020, to reduce the company’s share capital. 

Ferrovial’s share capital figure as of 31 December 2020 amounted to EUR146,580,475.20 all fully subscribed and paid up. The share capital comprises 732,902,376 ordinary shares of one single class, each with a par value of twenty-euro cents (EUR0.20).