Yara AGM and new buy-back program
15.04.2011 | Globenewswire Europe
Oslo (2011-04-15): Yara International ASA will hold its Annual General Meetingon Tuesday 10 May 18:00 CET at Bygdøy allé 2, Oslo. The Board asks the General
Meeting to authorize a new share buy-back program.
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 within the
next 12 months. 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 business
transactions. The company will enter into a new agreement with the Norwegian
State to the effect that the State's shares will be redeemed 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
Torgeir Kvidal, Investor Relations
Telephone ( 47) 24 15 72 95
Cellular ( 47) 91 339 832
E-mailtorgeir.kvidal@yara.com
Asle Skredderberget, Media Relations
Cellular ( 47) 41 44 36 10
E-mailasle.skredderberget@yara.com
Yara International ASA is the world's leading chemical company that converts
energy, natural minerals and nitrogen from the air into essential products for
farmers and industrial customers. As the number one global supplier of mineral
fertilizers, we help provide food for a growing world population. Our industrial
product portfolio includes environmental protection agents that prevent air
pollution. Yara's global workforce of 7,300 employees represents the great
diversity and knowledge that enables Yara to remain a leading performer in the
industry.
www.yara.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Proposal from the Nomination Committee:
http://hugin.info/134793/R/1506614/441456.pdf
Notice of Annual General Meeting:
http://hugin.info/134793/R/1506614/441408.pdf
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Source: Yara International ASA via Thomson Reuters ONE
[HUG#1506614]
Unternehmen: Yara International ASA - ISIN: NO0010208051