Ferrovial has set 55.1538 euros the reference price of the shares for its latest issue of non-dilutive convertible bonds, with cash settlement, for an amount of 400 million euros, according to the information sent to the National Securities Market Commission (CNMV). While, the resulting initial conversion price has been set at 68.9423 euros (which represents a 25% premium over the reference price of the shares). The initial conversion ratio (to be used solely for the purpose of determining the cash amount payable upon conversion) is 1,450.48831 ordinary Ferrovial shares for each 100,000 euro bond nominal amount. The settlement and delivery of the bonds took place on November 20, 2025.
