Yara approves dividend and buy-back program and elects new Chairperson
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approved a dividend of NOK 7.00 per share and a new Power of attorney to the
Board regarding acquisition of own shares. The new Board elected Bernt Reitan as
the new Chairperson.
The dividend of NOK 7.00 per share will be paid on 23 May 2012 to shareholders
as of 10 May 2012. The Yara share will be traded ex dividend from 11 May 2012.
American Depository Receipts (ADRs) will also be traded ex dividend from 11 May
2012, with a dividend payment date of 31 May 2012.
Bernt Reitan, Elisabeth Harstad and Hilde Merete Aasheim were re-elected as
Board members and Juha Rantanen was elected as a new Board member, all for a
period of two years. After the general meeting, the Board elected Bernt Reitan
as its new Chairperson.
The Annual General Meeting approved the cancellation of 2,200,000 of the
Company's own shares and the redemption of 1,248,895 shares owned by the
Norwegian State. The number of shares in the company will consequently be
reduced to 284,207,264.
The Annual General Meeting approved a new Power of attorney to the Board
regarding acquisition of own shares. The Board is thereby given authorization to
acquire up to 5 percent of Yara's shares before the next Annual General Meeting.
Yara has renewed its agreement with the Norwegian State according to which the
State's shares will be redeemed on a pro-rata basis to ensure that the State's
ownership is unchanged in the event repurchased shares are cancelled.
The complete protocol from the Annual General Meeting will be available during
the course of the day on Yara's website:
http://www.yara.com/investor_relations/reports_presentations/index.aspx?tab=2012
&cat=090_AGM
Contact
Thor Giæver, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 48 07 53 56
E-mail thor.giaver@yara.com
Esben Tuman, Media Relations
Cellular (+47) 90 50 84 00
E-mail esben.tuman@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.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Yara International ASA via Thomson Reuters ONE
[HUG#1611207]
Unternehmen: Yara International ASA - ISIN: NO0010208051