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 September 1, 2010

The Annual General Meeting (AGM) held on May 11, 2010 authorized the year's buy-back program. The AGM authorized Yara to buy back up to 5 percent of Yara’s shares (14,441,595 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
03 Aug 2010234.6450,00050,000
05 Aug 2010 243.24 50,000100,000
11 Aug 2010241.7350,000150,000
17 Aug 2010250.2550,000200,000
23 Aug 2010250.9450,000250,000
27 Aug 2010244.9350,000300,000
31 Aug 2010247.48250,000350,000
    

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