Yara will deliver good returns for farmers, industrial customers and its owners

Share buy-back program

Yara executes share buy-back programs as an integrated part of its shareholder policy. This is based on our belief that share buy-backs will contribute to a better reflection of underlying values in Yara’s share price, an improvement in earnings per share and an improved capital structure. The company has bought back shares in most years.

Last updated December 2, 2008

The Annual General Meeting (AGM) held on May 8, 2008 authorized the year's buy-back program. The AGM authorized Yara to buy back up to 5 percent of Yara’s shares (14,578,767 shares) over a 12-month period.

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 stake remains unchanged when shares are cancelled.

Yara's purchases of own shares were disclosed to the Oslo Stock Exchange and details published in the table below.

DatePriceNo. of
shares
Accumulated share holdings
during this program
30 July 2008365.73100,000100,000
01 Aug 2008366.38100,000200,000
04 Aug 2008349.04130,000330,000
05 Aug 2008318.6470,000400,000
08 Aug 2008331.1280,000480,000
11 Aug 2008320.67100,000580,000
14 Aug 2008313.4980,000660,000
15 Aug 2008305.5580,000740,000
19 Aug 2008310.4880,000820,000
22 Aug 2008326.9580,000900,000
26 Aug 2008320.29100,0001,000,000
21 Oct 2008128.2150,0001,050,000
23 Oct 2008116.7050,0001,100,000
28 Oct 2008113.3150,0001,150,000
30 Oct 2008134.4150,0001,200,000
03 Nov 2008140.8250,0001,250,000
06 Nov 2008139.8350,0001,300,000
10 Nov 2008146.6050,0001,350,000
11 Nov 2008138.8850,0001,400,000
14 Nov 2008114.2050,0001,450,000
18 Nov 2008111.0250,0001,500,000
19 Nov 2008102.2450,0001,550,000
21 Nov 200894.8850,0001,600,000
25 Nov 2008105.4050,0001,650,000
26 Nov 2008107.6550,0001,700,000
02 Dec 2008 107.1250,0001,750,000

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