Yara general meeting approves dividend and new share buyback authorization
Oslo, 6 May 2021: The Yara International ASA Annual General Meeting today approved a dividend of NOK 20.00 per share. All agenda items were approved in line with the proposals in the Annual General Meeting notice.
The dividend of NOK 20.00 per share will be paid on 19 May 2021 to shareholders as of 6 May 2021, and the Yara share will be traded ex-dividend from 7 May 2021. American Depository Receipts (ADRs) will also be traded ex-dividend from 7 May 2021, with a dividend payment date of 26 May 2021.
The Annual General Meeting approved the proposed capital reduction and 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 and a planet respected, we pursue a strategy of sustainable value growth, promoting climate-friendly crop nutrition and zero-emission energy solutions. Yara’s ambition is focused on growing a climate positive food future that creates value for our customers, shareholders and society at large and delivers 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 food production. Through our focus on clean ammonia production, we aim to enable the hydrogen economy, driving a green transition of shipping, fertilizer production and other energy intensive industries.
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. We operate an integrated business model with around 17,000 employees and operations in over 60 countries, with a proven track record of strong returns. In 2020, Yara reported revenues of USD 11.6 billion.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act