Approval of a Remuneration Plan consisting of the payment of part of the beneficiaries' 2011 variable remuneration in the form of shares of Ferrovial, S.A. Published on 30/01/2012
In accordance with the provisions of article 82 of the Securities Market Law (Ley del Mercado de Valores), FERROVIAL, S.A. hereby notifies the Comisión Nacional del Mercado de Valores of the following:
The Board of Directors of the Company has approved the implementation of a remuneration Plan consisting of the payment of part of the beneficiaries’ 2011 variable remuneration in the form of shares of Ferrovial, S.A.
This Plan has been applied, in practically identical terms, to the variable remuneration since 2004. The CNMV was informed of the previous Plans by means of disclosures on 4 February 2005, 27 January 2006, 30 January 2007, 1 February 2008, 28 January 2009, 28 January 2010 and 31 January 2011.
The basic features of the Plan are as follows:
Goal: To increase employees’ and executives’ ownership interest in the Company and enable them to link part of their remuneration to the performance of Ferrovial, S.A. shares.
Beneficiaries: Employees and executives of the companies comprising the corporate group of which Ferrovial, S.A. is the parent company who have the category of executive or head of department or equivalent and have their residence in Spain for tax purposes. This payment system will be voluntary.
Limit: Participants may collect at most 12,000 euro each in the form of shares. The total number of shares delivered will depend on the final number of participants who join the Plan and the price of Ferrovial, S.A. shares on the delivery date. On the approval date, the Plan represents approximately 1,000,000 shares (0.14% of capital stock).
Valuation and provenance of the shares: The value of the shares to be delivered will be the price of Ferrovial, S.A. share on the transfer date, which is expected to be on 29 February 2012. All the shares will come from treasury stock.
Executive Directors and Senior Managers: The application of the Plan to Executive Directors and to executives who report directly to delegate bodies of the Board of Directors is subject to approval by the Shareholders’ Meeting of Ferrovial, S.A. For these participants, the value of the shares delivered to them will be the stock market closing price on the date such authorization is granted.
Madrid, 30 January 2012
Santiago Ortiz Vaamonde
Secretary of the Board of Directors, Ferrovial, S.A.