Through a tender offer for 0.67% of the contractors shares
The Board of Directors of Ferrovial Agromán the Ferrovial Group´s construction firm- has agreed to propose at its forthcoming Ordinary General Shareholders’ Meeting the exclusion from trading of the shares representing its share capital in the equity markets. To this end, a tender offer for 1,590,157 shares, representing 0.67% of Ferrovial Agromán’s share capital, will be formulated.
Ferrovial Agromán’s Board of Directors has determined a price range of between 7.4 and 8 Euros (Ptas 1,231 and Ptas 1,331) per share, to be paid in cash. The Comisión Nacional del Mercado de Valores (Spanish SEC) will subsequently duly fix the final acquisition price of the shares.
The proposal to exclude Ferrovial Agromán shares from trading, through a public offer, will be approved, together with the other points on the agenda, at the company’s Ordinary General Shareholders’ Meeting to be held on 30 June in Madrid.
The Comisión Nacional del Mercado de Valores will later approve the brochure for the tender offer and the final price. This operation, which may take until September, concludes the process of integrating the construction business in the Ferrovial Group and consolidating Ferrovial as the Group’s only listed stock.
