Yara AGM and new buy-back program
Apr 17, 2015
Oslo, 17 April 2015: Yara International ASA will hold its Annual General Meeting on Monday 11 May at 17:00 CEST at Drammensveien 131, Oslo. The Nomination Committee proposes Maria Moræus Hansen as a new Board member, and the Board asks the General Meeting to authorize a new share buy-back program.
The Nomination Committee proposes election for a period of one year of Maria Moræus Hansen as new Board member. Moræus Hansen will replace Hilde Merete Aasheim who has decided to resign from the Board. Moræus Hansen is a Norwegian citizen and Managing Director of the Norwegian affiliate of GDF SUEZ E&P since 2014, prior to which she held the position as Investment Director in Aker ASA.
The Board proposes that the existing buy-back program is replaced by a new program, authorizing the Board to acquire up to 5% of Yara's shares before the next Annual General Meeting. Shares may be purchased within a price range of NOK 10 to NOK 1,000. The shares may either be used for cancellation or as payment in commercial transactions. The company has entered into a new agreement with the Norwegian State to redeem shares on a pro-rata basis so that the State's ownership is unchanged in the event of a cancellation of the shares bought back.
The complete notice of the Annual General Meeting will be distributed to Yara's registered shareholders and is also available on Yara's website:
The Yara International ASA share will be traded ex dividend from Tuesday 12 May 2015.
Anders Lerstad, Investor Relations
Telephone: (+47) 24 15 72 95
Cellular: (+47) 93 42 69 54
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 to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.