Yara completes share buy-back
Oslo, 4 March 2020: Reference is made to Yara’s stock exchange releases dated 7 February 2020 and 13 February. Yara International ASA has now completed the buy-back of 0.5% (1,362,013 shares) of its shares outstanding, under an external bank mandate issued subject to “safe harbour" exemptions. Yara now holds a total of 2,724,026 own shares.
Yara has an 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 when the shares are cancelled. The sum of Yara’s current holding of own shares and the pro-rata proportional redemption of Norwegian state amounts in total to approximately 1.6% of shares outstanding.
Thor Giæver, Investor Relations
Mobile: (+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