Yara share buy-backs
Oct 27, 2011
Oslo (2011-10-27): Yara International ASA has today purchased 100,000 own shares in the market at an average price of NOK 273.12.
The transaction is part of a buy-back program, authorized by the Annual General Meeting held 10 May 2011. The AGM authorized Yara to buy back up to 5% of Yara's shares (14,382,807 shares).
The shares are purchased for later cancellation. 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 when shares are cancelled.
After this transaction Yara holds 1,200,000 own shares, acquired as part of this buy-back program.
Thor Giæver, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 48 07 53 56
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.