Oslo, 11 May 2016: The Yara International ASA Annual General Meeting yesterday approved a dividend of NOK 15.00 per share and a new Power of attorney to the Board regarding acquisition of own shares. All shareholder-elected Board members and all Nomination Committee members were re-elected.
The dividend of NOK 15.00 per share will be paid on 24 May 2016 to shareholders as of 10 May 2016, and the Yara share will be traded ex-dividend from 11 May 2016. American Depository Receipts (ADRs) will also be traded ex-dividend from 11 May 2016, with a dividend payment date of 1 June 2016.
The General Meeting approved the re-election for a period of two years of Leif Teksum, Maria Moræus Hansen, Hilde Bakken, John Thuestad and Geir Isaksen as Board members, and of Tom Knoff, Thorunn Kathrine Bakke, Ann Kristin Brautaset and Anne Carine Tanum as Nomination Committee members.
The Annual General Meeting approved the cancellation of 1,190,000 of the Company's own shares and the redemption of 675,539 shares owned by the Norwegian State. The number of shares in the company will consequently be reduced to 273,217,830.
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 will be made available by the end of the day on Yara's website:
Thor Giæver, Investor Relations
Telephone: (+47) 24 15 72 95
Cellular: (+47) 48 07 53 56
Yara's knowledge, products and solutions grow farmers', distributors' and industrial customers' businesses profitably and responsibly, while nurturing and protecting the earth's resources, food and environment.
Our fertilizers, crop nutrition programs and technologies increase yields, improve product quality and reduce the environmental impact of agricultural practices. Our industrial and environmental solutions improve air quality by reducing emissions from industry and transportation, and serve as key ingredients in the production of a wide range of goods. We foster a culture that promotes the safety of our employees, contractors and societies.
Founded in 1905 to solve emerging famine in Europe, today, Yara has a worldwide presence, with close to 13,000 employees and sales to more than 150 countries.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.