Purchase of Yara shares by President and CEO Thorleif Enger
Oct 19, 2004
Oslo (2004-10-19): President and CEO of Yara International ASA, Thorleif Enger has purchased 9,100 shares of Yara stock at 67.75 NOK per share. The purchase is in accordance with the earlier announcement by the Board of Directors on the general compensation plan for Yara management, where 50% of the net after-tax gain must be used to buy Yara shares in the market with a one-year lock-up period.
Mr. Enger has been awarded a one-time cash bonus by the Board of Directors based on the successful launch of Yara as an independent company trading on the Oslo Stock Exchange.
Egil Hogna, Investor Relations
Telephone (+47) 24 15 71 66
Cellular (+47) 90 187 865
Arne Cartridge, Media Relations
Telephone (+47) 24 15 73 01
Cellular (+47) 47 900 900
Yara International ASA is the world's leading supplier of mineral fertilizers with particular strength in nitrogen based fertilizers. Yara has a local presence in 50 countries worldwide. Yara sells more than 20 million tonnes of mineral fertilizers in more than 120 countries. Yara offers fertilizers meeting the nutrient needs of local crops supported by agronomic advice to make farming more profitable and agriculture more sustainable. Yara has a strong position in industrial markets in Europe as a supplier of nitrogen based chemicals and is the leading supplier of liquid CO2.