Share buy back program in Yara
May 19, 2004
Oslo (2004-05-19): In the extraordinary General Meeting June 16, 2004, the Board of Yara International ASA asks for authorization to buy back shares. Under this authorization, the Board may buy up to 15,972,130 of the company's own shares (5%) in the market, over the 18 months period commencing 16 June 2004. Shares may be purchased within a prices range from NOK 25 to NOK 75. It is the discretion of the Board to decide for which purpose shares acquired pursuant to this proxy may be used. If the Board decides that shares acquired pursuant to this authorization shall be used for capital reduction by cancellation of shares, it is a precondition for the Board that an agreement is entered into with the Norwegian State securing that the State's ownership (presently 36.21%) is not affected as a result of this.