Oslo, 19 February 2016: Yara International ASA has today purchased 70,000 own shares in the market, at an average price of NOK 330.45.
The transaction is part of a buy-back program authorized by the Annual General meeting held 11 May 2015. The AGM authorized Yara to buy back up to 5% of Yara's shares (13,754,168 shares) before its 2016 AGM.
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 when shares are cancelled.
After this transaction Yara holds 980,000 own shares acquired as part of its current buy-back program.
Contact
Thor Giæver, Investor Relations
Telephone: (+47) 24 15 72 95
Cellular: (+47) 48 07 53 56
E-mail: thor.giaver@yara.com
About Yara
Yara's knowledge, products and solutions grow farmers', distributors' and industrial customers' businesses profitably and responsibly, while 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 about 160 countries.
www.yara.com
