Mar 30, 2004
As a result of the exercise of the over-allotment option yesterday, the period that started on March 25 in which UBS Limited could effect transactions to stabilize or maintain the market price of the Yara shares has expired. Hydro now owns 0 Yara shares
Commenting on the early exercise of the over-allotment option, CFO Hallgeir Storvik said that "the positive share price performance of Yara together with the smooth transition of Yara to the stock markets last week, resulted in a conclusion by the stabilisation manager, UBS, that no transactions were needed to stabilise the market price of the Yara shares"
Yara International ASA is the world's largest supplier of plant nutrition, with 7,500 employees in more than 50 countries. The company's brand new name, Yara, signifies land, soil, harvest and a good year. Yara keeps the Viking Ship logo, a symbol of high quality products for nearly a century and world-renowned within the fertilizer industry. In 2003 the company sold more than 20 million metric tons of fertilizer to customers in more than 120 countries.
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This announcement does not constitute, or form part of, an offer or invitation to sell or issue, or any solicitation of an offer to purchase or subscribe for securities and any subscription for or purchase of, or application for, shares in Yara to be issued or sold in connection with the offering should only be made on the basis of information contained in the offering memorandum issued in connection with the offering and any supplements thereto. The offering memorandum contains certain detailed information about Yara and its management, as well as financial statements and other financial data.
This announcement does not contain or constitute an offer of securities for sale in the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration thereunder. No public offering of the securities referred to herein is being made in the United States.
This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). The shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such shares will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
This announcement and the information contained herein is not for publication, distribution or release in, or into, the United States, Canada, Australia or Japan.
For further information:
Egil Hogna, Head of Investor Relations, tlf. +47 90 187 865
Arne Cartridge, Chief Communication Officer, tlf. +47 47 900 900