Oslo (2012-05-22): Yara International ASA has today purchased 200,000 own shares in the market at an average price of NOK 245,9336.
The transaction is part of a buy-back program, authorized by the Annual General meeting held 10 May 2012. The AGM authorized Yara to buy back up to 5% of Yara's shares (14,210,363 shares) before the 2013 AGM.
Yara has renewed its 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 800,000 own shares acquired as part of its current buy-back program.
Thor GiŠver, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 48 07 53 56
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.