Yara International ASA : Yara AGM and new buy-back program
Oslo (2013-04-18): Yara International ASA will hold its Annual General Meeting
on Monday 13 May at 18:00 CEST at Bygdøy allé 2, Oslo. The Nomination
Committee proposes Geir Isaksen as a new Board member, and the Board asks the
General Meeting to authorize a new share buy-back program.
The Nomination Committee proposes the election of Geir Isaksen as a new Board
member. Isaksen is a Norwegian citizen and CEO of NSB (Norwegian State
Railways) since 2011, prior to which he was CEO of Cermaq ASA.
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.
The complete notice of the Annual General Meeting will be distributed to
Yara's registered shareholders and is also available on Yara's website
Thor Giæver, Investor Relations
Phone: (+47) 24 15 72 95
Mobile: (+47) 480 75 356
Yara delivers solutions for sustainable agriculture and the environment. Our
fertilizers and crop nutrition programs help produce the food required for the
growing world population. Our industrial products and solutions reduce
emissions, improve air quality and support safe and efficient operations.
Founded in Norway in 1905, Yara has a worldwide presence with sales to 150
countries. Safety is always our top priority.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Notice of Annual General Meeting
Proposal from the Nomination Committee
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information contained therein.
Source: Yara International ASA via Thomson Reuters ONE
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