Yara International - AGM and new buy-back program
18.04.2013 | Globenewswire Europe
Oslo (2013-04-18): Yara International ASA will hold its Annual General Meeting on Monday 13 May at 18:00 CEST at Bygdøy allé 2, Oslo. The Nomination Committee proposes Geir Isaksen as a new Board member, and the Board asks the General Meeting to authorize a new share buy-back program.The Nomination Committee proposes the election of Geir Isaksen as a new Board member. Isaksen is a Norwegian citizen and CEO of NSB (Norwegian State Railways) since 2011, prior to which he was CEO of Cermaq ASA.
The Board proposes that the existing buy-back program is replaced by a new program, authorizing the Board to acquire up to 5% of Yara's shares before the next Annual General Meeting. Shares may be purchased within a price range of NOK 10 to NOK 1,000. The shares may either be used for cancellation or as payment in commercial transactions. The company has entered into a new agreement with the Norwegian State to redeem shares on a pro-rata basis so that the State's ownership is unchanged in the event of a cancellation of the shares bought back.
The complete notice of the Annual General Meeting will be distributed to Yara's registered shareholders and is also available on Yara's website http://www.yara.com/investor_relations/index.aspx
Contact:
Thor Giæver, Investor Relations
Phone: (+47) 24 15 72 95
Mobile: (+47) 480 75 356
E-mail: thor.giaver@yara.com
Yara delivers solutions for sustainable agriculture and the environment. Our fertilizers and crop nutrition programs help produce the food required for the growing world population. Our industrial products and solutions reduce emissions, improve air quality and support safe and efficient operations. Founded in Norway in 1905, Yara has a worldwide presence with sales to 150 countries. Safety is always our top priority. www.yara.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Notice of Annual General Meeting:
http://hugin.info/134793/R/1693848/556927.pdf
Proposal from the Nomination Committee:
http://hugin.info/134793/R/1693848/556928.pdf
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Source: Yara International ASA via Thomson Reuters ONE [HUG#1693848]