Coffee beans

Yara AGM approves dividend and buy-back program

May 12, 2010

Oslo (2010-05-12): Yara International ASA's Annual General Meeting approved yesterday a dividend of NOK 4.50 per share and renewed the authorization of the Board of Directors to acquire own shares.

The dividend of NOK 4.50 per share will be paid out on 26 May 2010 to shareholders as of 11 May 2010. The Yara share will be traded exclusive of dividend from 12 May. American Depository Receipts (ADRs) will also be traded exclusive of dividend from 12 May, and the payment date for ADRs is 3 June.

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.

 

Øivind Lund was re-elected as Chairman of the Board, and Bernt Reitan, Elisabeth Harstad and Leiv L. Nergaard were re-elected as Board members. Hilde Merete Aasheim was elected as new Board member.

 

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=2010&cat=090_AGM&nbi=5&pag=1

 

Contact

 

Torgeir Kvidal, Investor Relations

Telephone  (+47) 24 15 72 95

Cellular (+47) 91 339 832

E-mail torgeir.kvidal@yara.com

 

Asle Skredderberget, Media Relations

Cellular (+47) 41 44 36 10

E-mail asle.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 7,600 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 acc. to §5-12 vphl (Norwegian Securities Trading Act)
We use cookies on this website. If you continue to use the site without changing your settings, you agree that we may store and access these cookies on your device. To understand more about our use of cookies and to change cookie settings at any time please see
Cookie Preferences
I accept cookies