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Sacyr SA (SCYR) EUR1

Sell:€3.19 Buy:€3.19 Change: €0.01 (0.31%)
Market closed |  Prices as at close on 8 October 2024 | Switch to live prices |
Rights Issue

Sacyr SA EUR1

Type:
Rights Issue
Shareholder action required:
Yes
Status:
Shares due
Details (last updated 16 Sep 2024)

Sacyr SA recently announced details of a Stock Dividend to shareholders as at close of business on 9 September 2024 with a cash option, giving you the right to receive additional shares or a cash payment.

 

What are my options?

 

You now have 2 options to consider relating to the rights and these are explained below in more detail.

 

Option 1 - Do nothing - DEFAULT. If you do not return an election by the deadline below and take no action you will receive 1 new Sacyr SA share for every 40 rights held. The issue of new ordinary shares will not be subject to Spanish withholding tax. Any rights that are not converted into new shares i.e. not multiples of 40, will lapse and a cash payment will be made in their place. The new shares are expected to be issued from 17 October 2024. Please note that if you choose this default option then you will not receive any further correspondence and this letter should be treated as confirmation of your new shares.

 

Option 2 - You can receive a cash payment. If you elect for this option by our 9am on Wednesday 18 September 2024 deadline you will receive a cash payment of EUR0.079 per right. The proceeds will be subject to a 19% Spanish withholding tax, i.e. you will receive EUR0.06399 per right after tax. Cash proceeds are expected from 1 October 2024 and will be converted to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

 

×
Sell:€3.19
Buy:€3.19
Change: €0.01 (0.31%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 8 October 2024 | Switch to live prices |
Rights Issue

Sacyr SA EUR1

Type:
Rights Issue
Shareholder action required:
Yes
Status:
Shares due
Details (last updated 16 Sep 2024)

Sacyr SA recently announced details of a Stock Dividend to shareholders as at close of business on 9 September 2024 with a cash option, giving you the right to receive additional shares or a cash payment.

 

What are my options?

 

You now have 2 options to consider relating to the rights and these are explained below in more detail.

 

Option 1 - Do nothing - DEFAULT. If you do not return an election by the deadline below and take no action you will receive 1 new Sacyr SA share for every 40 rights held. The issue of new ordinary shares will not be subject to Spanish withholding tax. Any rights that are not converted into new shares i.e. not multiples of 40, will lapse and a cash payment will be made in their place. The new shares are expected to be issued from 17 October 2024. Please note that if you choose this default option then you will not receive any further correspondence and this letter should be treated as confirmation of your new shares.

 

Option 2 - You can receive a cash payment. If you elect for this option by our 9am on Wednesday 18 September 2024 deadline you will receive a cash payment of EUR0.079 per right. The proceeds will be subject to a 19% Spanish withholding tax, i.e. you will receive EUR0.06399 per right after tax. Cash proceeds are expected from 1 October 2024 and will be converted to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

 

×
Sell:€3.19
Buy:€3.19
Change: €0.01 (0.31%)
Market closed |  Prices as at close on 8 October 2024 | Switch to live prices |
Rights Issue

Sacyr SA EUR1

Type:
Rights Issue
Shareholder action required:
Yes
Status:
Shares due
Details (last updated 16 Sep 2024)

Sacyr SA recently announced details of a Stock Dividend to shareholders as at close of business on 9 September 2024 with a cash option, giving you the right to receive additional shares or a cash payment.

 

What are my options?

 

You now have 2 options to consider relating to the rights and these are explained below in more detail.

 

Option 1 - Do nothing - DEFAULT. If you do not return an election by the deadline below and take no action you will receive 1 new Sacyr SA share for every 40 rights held. The issue of new ordinary shares will not be subject to Spanish withholding tax. Any rights that are not converted into new shares i.e. not multiples of 40, will lapse and a cash payment will be made in their place. The new shares are expected to be issued from 17 October 2024. Please note that if you choose this default option then you will not receive any further correspondence and this letter should be treated as confirmation of your new shares.

 

Option 2 - You can receive a cash payment. If you elect for this option by our 9am on Wednesday 18 September 2024 deadline you will receive a cash payment of EUR0.079 per right. The proceeds will be subject to a 19% Spanish withholding tax, i.e. you will receive EUR0.06399 per right after tax. Cash proceeds are expected from 1 October 2024 and will be converted to Sterling upon receipt subject to the prevailing exchange rate at that time and our standard currency conversion fees.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

 

×
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The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

Sacyr SA, formerly Grupo Sacyr Vallehermoso SA, is a Spain-based company primarily engaged in the construction and engineering sector. The Company's activities are divided into six business segments: Construction, which provides civil engineering and building projects in Europe, Africa and the Americas; Concessions, which includes operation of motorway, transport hub, airport and hospital concessions; Valoriza, which offers management and administration services within various areas, such as water and waste treatment; Industrial, which focuses on construction and engineering of industrial facilities, such as power generation plants, refineries and power transmission lines; Residential development, which offers housing construction, and Repsol, which includes investment in Repsol SA, an energy company. It operates through a number of subsidiaries, such as Valoriza Gestion SAU and Vallehermoso Division Promocion SAU.

Contact details

Address:
Condesa de Venadito 7
MADRID
28027
Spain
Telephone:
+34 (915) 455000
Website:
https://www.sacyr.com/es-ES/web/sacyr-corp/

Important dates

Future events
There are no future events available.
Past events
There are no past events available.

General stock information

Short code:
SCYR
ISIN:
ES0182870214
Market cap:
€2.50 billion
Shares in issue:
774.18 million
Sector:
Construction & Engineering
Exchange:
Madrid Stock Exchange
Country:
Spain
Currency:
Euro
Indices:
n/a

Key personnel

  • Manuel Manrique Cecilia
    Executive Chairman of the Board, Chief Executive Officer
  • Carlos Mijangos Gorozarri
    Chief Financial Officer
  • Rafael Gomez Del Rio Sanz Hernandez
    Chief Executive Officer of Sacyr Concesiones SA
  • Pedro Antonio Siguenza Hernandez
    Chief Executive Officer of Sacyr Engineering and Infrastructures
  • Patricia Martinez Inigo
    Chief People Officer
  • Alfonso Aguirre Diaz-Guardamino
    Director - Business Legal Counsel, Non-Member Assistant Secretary of the Board of Directors
  • Eduardo Miguel Campos Pozuelo
    General Manager of Sacyr Agua
  • Fernando Lozano Sainz
    General Corporate Manager, Chairperson - Regulatory Compliance Unit
  • Pedro Alonso Ruiz
    Chief Communications Officer
  • Marta Gil De La Hoz
    Chief Strategy, Innovation, and Sustainability Officer

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by Reuters.

Options

Share

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.