Coffee beans

Yara AGM approves dividend and buy-back program

May 08, 2009
The dividend of NOK 4.50 per share will be paid out on 19 May 2009 to shareholders as of 7 May 2009. The Yara share will be traded exclusive of dividend from 8 May. American Depository Receipts (ADRs) will also be traded exclusive of dividend from 8 May, and the payment date for ADRs is 27 May.
 
The Annual General Meeting resolved to cancel 1.75 million repurchased shares and to redeem approximately 1.0 million shares from the Norwegian State. The number of shares in the company will consequently be reduced to 288,831,918.
 
The Annual General Meeting resolved to renew the authorization of the Board of Directors to acquire the company's own shares. The Board is thereby given authorization to acquire up to 5 percent of Yara's shares within the next 12 months. Yara has renewed the 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.
 
Bernt Reitan was elected as new Board member.
 
The complete protocol from the Annual General Meeting is available on Yara's website:
http://www.yara.com/investor_relations/corporate_governance/annual_meetings/
 
 
Torgeir Kvidal, Investor Relations
Telephone  (+47) 24 15 72 95
Cellular (+47) 91 339 832
 
Bente Slaatten, Media Relations
Cellular (+47) 91 60 62 15
 
 
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 8,000 employees represents the great diversity and knowledge that enables Yara to remain a leading performer in the industry.
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