Oslo, 16 July 2020: The Yara International ASA Annual General Meeting on 7 May 2020 approved a capital reduction by cancellation of own shares and by redemption of shares held on behalf of the Norwegian State by the Ministry of Trade, Industry and Fisheries.
The share capital of the Company is reduced by NOK 7,259,680 from NOK 463,084,482.90 to NOK 455,824,802.90 by cancellation of 2,724,026 of the Company’s own shares and redemption and cancellation of 1,546,374 shares owned on behalf of the Norwegian State by the Ministry of Trade, Industry and Fisheries.
The cancellation and redemption has now been carried out as described above. With effect from the implementation of the capital reduction through registration in the Norwegian Register of Business Enterprises, Article 4 of the Company’s Articles of Association is amended to read as follows:
The share capital is NOK 455,824,802.90 divided into 268,132,237 shares, each with a nominal value of NOK 1.70.
Thor Giæver, SVP Investor Relations
Cellular: (+47) 480 75 356
Yara grows knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger, we pursue a strategy of sustainable value growth, promoting climate-friendly and high-yielding crop nutrition solutions for the world’s farming community and food industry.
Yara’s ambition is to be the Crop Nutrition Company for the Future. We are committed to creating value for our customers, shareholders and society at large, as we work to develop a more sustainable food value chain. To achieve our ambition, we have taken the lead in developing digital farming tools for precision farming, and work closely with partners throughout the food value chain to improve the efficiency and sustainability of agriculture and food production.
Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as the industry’s only global crop nutrition company. With our integrated business model and a worldwide presence of around 16,000 employees and operations in over 60 countries, we offer a proven track record of responsible and reliable returns. In 2019, Yara reported revenues of USD 12.9 billion.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act