Norway | Events and Initiatives

Yara AGM and new buy-back program

Yara International ASA will hold its Annual General Meeting on Monday 5 May at 18:00 CEST at Bygdøy allé 2, Oslo.

4/14/2014

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Yara International ASA will hold its Annual General Meeting on Monday 5 May at 18:00 CEST at Bygdøy allé 2, Oslo. The Nomination Committee proposes re-election of Hilde Merete Aasheim and Geir Isaksen as Board members and election of Leif Teksum, Hilde Bakken and John Thuestad as new Board members. The Board asks the General Meeting to authorize a new share buy-back program.

The Board proposes that the existing buy-back program is replaced by a new program, authorizing the Board to acquire up to 5% of Yara's shares before the next Annual General Meeting. Shares may be purchased within a price range of NOK 10 to NOK 1,000. The shares may either be used for cancellation or as payment in commercial transactions. The company has entered into a new agreement with the Norwegian State to redeem shares on a pro-rata basis so that the State's ownership is unchanged in the event of a cancellation of the shares bought back.