"Today we witness the culmination of plans to separate Agri from Norsk Hydro, allowing the new company to develop both its own business and the fertilizer industry as a whole," says Yara International's president and CEO, Thorleif Enger.
Yara International ASA is the world's largest supplier of plant nutrition, with 7,500 employees in more than 50 countries. The company's brand new name, Yara, signifies land, soil, harvest and a good year. Yara keeps the Viking Ship logo, a symbol of high quality products for nearly a century and world-renowned within the fertilizer industry.
In 2003 the company sold more than 20 million metric tons of fertilizer to customers in more than 120 countries.
For further information:
Arne Cartridge, Chief Communication Officer, tlf. +47 47 900 900
Egil Hogna, Investor Relations, tlf. +47 90 187 865
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This announcement does not constitute, or form part of, an offer or invitation to sell or issue, or any solicitation of an offer to purchase or subscribe for securities or any subscription for or purchase of, or application for, shares in Yara.
This announcement does not contain or constitute an offer of securities for sale in the United States. Yara shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration thereunder. No public offering of Yara shares is being made in the United States.
This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). The shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such shares will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.