Oslo, 7 May 2020: The Yara International ASA Annual General Meeting today approved a dividend of NOK 15.00 per share and elected Board and Nomination Committee members in line with the Nomination Committee’s proposal. The new Board elected Trond Berger as its chair and Kimberly Lein- Mathisen as vice chair. All agenda items were approved in line with the proposals in the Annual General Meeting notice.
The dividend of NOK 15.00 per share will be paid on 18 May 2020 to shareholders as of 7 May 2020, and the Yara share will be traded ex-dividend from 8 May 2020. American Depository Receipts (ADRs) will also be traded ex-dividend from 8 May 2020, with a dividend payment date of 26 May 2020.
Geir Isaksen and Hilde Bakken stepped down from the Board. Trond Berger, Håkon Reistad Fure, Kimberly Lein-Mathisen, Adele Bugge Norman Pran and John Thuestad were re-elected as Board members, and Birgitte Ringstad Vartdal was elected as a new Board member.
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 share of 36.21% is not changed as a result of share buy-backs.
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. 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