Sacyr has signed a 'forward' contract with a financial entity that references 10 million ordinary shares of the company, with an initial price set at 4.266 euros per share, which amounts to a total of 42.7 million euros. This amount may be adjusted based on the final execution price and the derivative will have a maturity period of one year.
This type of instrument is a formula that the construction and infrastructure concession company has used in the past, usually to position itself in favor of a rise in its stock in the market. When the quotation exceeds the agreed price, the profitability of the derivative product also increases.
In December 2025, the company launched another similar contract for 10 million shares, with a price of 3.74 euros per share. Currently, those shares are trading at 4.34 euros, which represents an approximate revaluation of 6 million euros in these months.
As Sacyr has communicated to the National Securities Market Commission (CNMV), the new operation may be settled through physical delivery of the shares or by differences, as the company itself decides.
The company also clarifies that the contract has been structured bilaterally and does not involve the purchase of its own shares by Sacyr.
The credit entity with which this derivative has been arranged, whose identity has not been revealed, intervenes in the transaction on its own behalf and account as the principal and independently of Sacyr.