Ferrovial will pay its shareholders a flexible dividend of 0.2871 euros per share
Ferrovial will offer its shareholders the option of receiving the flexible dividend in cash, with a payment of 0.2871 euros per share to be paid from 26 July, or in the form of new shares in the company, which since last week has had its registered office in the Netherlands.
As the company informed the Spanish Securities and Exchange Commission (CNMV) on Thursday, shareholders will be able to choose between 7 and 20 July how they wish to receive the dividend, the first to be paid out by the company chaired by Rafael del Pino since it formalised its exit from Spain.
Ferrovial will announce the number of allocation rights required on 21 July
On 21 July, the company will announce the number of allocation rights needed to receive a new share based on the average trading price of the shares over the previous three days.
Under Dutch law, cash dividends are subject to a withholding tax of 15 % to be deducted from the cash amount payable, while dividends in the form of shares are also subject to a withholding tax of 15 %, but only on the nominal value of the new shares.
The cross-border merger by absorption between Ferrovial, as the Spanish absorbed company, and Ferrovial International SE (FISE), its Dutch subsidiary, became effective on 16 June.
The new parent company is now Ferrovial SE, which with the effectiveness of the merger ceased to be Spanish and became Dutch, and was listed on the Amsterdam Stock Exchange on that day.
The total number of shares admitted to trading and listed on Euronext Amsterdam and on the Spanish stock exchanges for trading on the SIBE is 727,443,261, the sum of the issued and outstanding share capital of FISE immediately after the merger (724,563,453 shares) and treasury shares (2,879,808).
