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(2010-08-17 22:00)
Yara share buy-backs
Oslo (2010-08-17): Yara International ASA has today purchased 50,000 own shares in the market at an average price of NOK 250.25. The transaction is part of a new buy-back program, authorized by the Annual General Meeting held 11 May 2010. The AGM authorized Yara to buy back up to 5% of Yara`s shares (14,441,595 shares). The shares are purchased for later cancellation. Yara has renewed the 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 when shares are cancelled. After this transaction Yara holds 200,000 own shares, acquired as part of this buy-back program.
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