Yara approves dividend and elects Board members in line with Nomination Committee proposal
Oslo, 7 May 2019: The Yara International ASA Annual General Meeting today approved a dividend of NOK 6.50 per share and elected new Board members in line with the Nomination Committee's proposal. The new Board elected Trond Berger as vice chair. All agenda items were approved in line with the proposals included in the Annual General Meeting notice.
The dividend of NOK 6.50 per share will be paid on 20 May 2019 to shareholders as of 7 May 2019, and the Yara share will be traded ex-dividend from 8 May 2019. American Depository Receipts (ADRs) will also be traded ex-dividend from 8 May 2019, with a dividend payment date of 28 May 2019.
Maria Moræus Hanssen stepped down from the Board. Kimberly Lein-Mathisen, Adele Bugge Norman Pran and Håkon Reistad Fure were elected as new Board members, all for a period of two years.
The Annual General Meeting approved a new Power of attorney to the Board regarding acquisition of own shares. The Board is thereby given authorization to acquire up to 5 percent of Yara's shares before the next Annual General Meeting. 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 in the event repurchased shares are cancelled.
The full minutes of the Annual General Meeting are available on Yara's website:
Thor Giæver, Investor Relations
Cellular: (+47) 480 75 356
Yara grows knowledge to responsibly feed the world and protect the planet, to fulfill our vision of a collaborative society, a world without hunger and a planet respected. To meet these commitments, we have taken the lead in developing digital farming tools for precision farming and work closely with partners throughout the whole food value chain to develop more climate-friendly crop nutrition solutions. In addition, we are committed to working towards sustainable mineral fertilizer production. We foster an open culture of diversity and inclusion that promotes the safety and integrity of our employees, contractors, business partners, and society at large. Founded in 1905 to solve the emerging famine in Europe, Yara has a worldwide presence with about 17,000 employees and operations in over 60 countries. In 2018, Yara reported revenues of USD 12.9 billion.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.