Yara approves dividend and share buy-back program and elects new Board member
May 14, 2013
Oslo (2013-05-14): The Yara International ASA Annual General Meeting yesterday approved a dividend of NOK 13.00 per share and a new Power of attorney to the Board regarding acquisition of own shares.
The dividend of NOK 13.00 per share will be paid on 28 May 2013 to shareholders as of 13 May 2013. The Yara share will be traded ex dividend from 14 May 2013. American Depository Receipts (ADRs) will also be traded ex dividend from 14 May 2013, with a dividend payment date of 4 June 2013.
Geir Isaksen was elected as a new Board member for a period of one year.
The Annual General Meeting approved the cancellation of 3,640,000 of the Company's own shares and the redemption of 2,066,354shares owned by the Norwegian State. The number of shares in the company will consequently be reduced to 278,500,910.
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:
Thor Giæver, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 48 07 53 56
Esben Tuman, Media Relations
Cellular (+47) 90 50 84 00
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.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.