Appendix IV - Shareholder Remuneration


The company held its AGM on 9th April 2021. 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 the 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 received against the shares they already own to Ferrovial (or selling them in the market).

 Scrip Dividend details JUN-21 NOV-21
Guaranteed set price to purchase rights 0.197 0.305
Rights per share 120 87
% shareholders chose shares as dividends 91.95 % 91.22 %
% shareholders chose cash as dividends 8.05 % 8.78 %
Number of new shares issued 5,615.714 7,743.557
Number of rights purchase 59,016.522 64,828.548



On February 25th, 2021, 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 April 5th, 2017, under item ten of its agenda.

Under this Buy-back Programme that ended on November 26th, 2021, Ferrovial acquired 12,659,166 of own shares, a 1.70% of Ferrovial’s current share capital, without exceeding the limit of EUR320mn or 22 million shares. The share capital was subsequently reduced by EUR 2,531,833.20 by means of the cancellation of 12,659,166 company shares held in the company’s treasury shares, by the General Shareholders’ Meeting of Ferrovial held on April 9th, 2021, to reduce the company’s share capital.

On October 26th, 2021, the Board approved the terms of a discretionary stock purchase that has enabled EUR111mn of share buyback before year end.

Ferrovial’s share capital figure as of December 31st, 2021, was EUR146,720,496.20 all fully subscribed and paid up. The share capital comprises 733,602,481 ordinary shares of one single class, each with a par value of twenty-euro cents (EUR0.20). The company’s treasury stock amounted to 5,072,018 shares as of December 31st, 2021.