Oslo, 18 March 2020: Reference is made to Yara’s stock exchange release dated 7 February 2020. Yara’s Board of Directors will propose to the Annual General Meeting that the company’s share capital is reduced by NOK 7,259,680, and will propose a dividend payment of NOK 15.00 per share for 2019.
The Board of Directors will propose that the share capital of the company is reduced by NOK 7,259,680 from 463,084,482.90 to NOK 455,824,802.90 by cancellation of 2,724,026 of the company's own shares and redemption and cancellation of 1,546,374 shares owned on behalf of the Norwegian State by the Ministry of Trade, Industry and Fisheries, for a payment of NOK 554,886,929 with addition of interest and adjusted for dividend paid to the Norwegian State represented by the Ministry of Trade, Industry and Fisheries. This amount represents the average share price paid for the buyback of own shares in the market.
Key dates for the Yara International ASA 2019 dividend:
Ex dividend NOK 15.00 as of: 08 May 2020
Record date: 11 May 2020
Dividend payment date: 18 May 2020
ADR dividend payment date: 26 May 2020
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