Spanish transport company going Dutch

The Spanish transport infrastructure company, Ferrovial, responsible for numerous airports, roads and construction concerns, will complete the mergers with its subsidiary in the Netherlands at midnight tonight, at which time the new parent company will cease to be Spanish and will become Dutch, beginning to trade on Friday on the Amsterdam Stock Exchange.

This is how the company communicated the structural change to the National Securities Market Commission (CNMV), after complying with all the conditions precedent to which the operation was conditioned and after approval by the Euronext Listing Board, on June 9, of the application for admission to trading and listing of the shares on Euronext Amsterdam.

Once the company receives the pre-merger certification issued by the Mercantile Registry of Madrid, the Dutch merger deed is to be granted this Thursday, June 15, 2023.

Following the granting of the Dutch merger deed, the transaction will be effective at 00:00 on the day following said grant, in accordance with the Dutch Civil Code, which means that the merger will be effective at 00:00 on 16 June 2023, the day on which the company will already be listed in Spain and the Netherlands at the same time.

When the merger becomes effective, the Ferrovial shares will be cancelled, and each shareholder will be awarded a new share. In total, 724,563,453 shares will be awarded with a nominal value of 0.01 euro each, which represents a joint nominal value of 7,245,634.53 euro.

The shareholders of the Spanish company will be able to trade their shares in Amsterdam and Spain from June 16, so the company defends that no shareholder will lose liquidity as a result of a possible interruption of trading.

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