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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 November 25, 2011
The Annual General Meeting (AGM) held on May 10, 2011, authorized the year's buy-back program. The AGM authorized Yara to buy back up to 5 percent of Yara’s shares (14,382,807 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.
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