Yara completes share buy-back
Oslo, 22 November 2019: Reference is made to Yara’s stock exchange releases dated 18 October 2019 and 29 October 2019. 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. After this, Yara holds a total of 1,362,013 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. Including the proportional redemption of shares owned by the Norwegian state, this buyback and redemption will amount to approximately 0.8% of shares outstanding.
Contact
Thor Giæver, Investor Relations
Mobile: (+47) 480 75 356
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About Yara
Yara grows knowledge to responsibly feed the world and protect the planet, to fulfill our vision of a collaborative society, a world without hunger and a planet respected. To meet these commitments, we have taken the lead in developing digital farming tools for precision farming and work closely with partners throughout the whole food value chain to develop more climate-friendly crop nutrition solutions. In addition, we are committed to working towards sustainable mineral fertilizer production. We foster an open culture of diversity and inclusion that promotes the safety and integrity of our employees, contractors, business partners, and society at large. Founded in 1905 to solve the emerging famine in Europe, Yara has a worldwide presence with about 17,000 employees and operations in over 60 countries. In 2018, 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
