The NOK 2.25 dividend per share will be paid on 3 June 2005 to shareholders as of 19 May. The Yara share will be traded ex-dividend from 20 May. American Depository Receipts (ADRs) have been traded ex-dividend since 17 May, and the payment date for ADRs is 10 June.
The General Meeting cancelled the approximately 3 million shares already bought back and redeemed approximately 1.7 million shares previously owned by the Norwegian State. After the cancellation/redemption Yara now has 314,737,356 shares.
Finally, the General Meeting replaced the previous buy-back program with a new one authorizing the Board to acquire up to 5% of Yara's shares within the next 12 months. Shares may be purchased within a price range of NOK 10 to NOK 300. Yara has entered into a new agreement with the Norwegian State to the effect that the State's shares will be redeemed 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 protocol from the Annual General Meeting will be made available before the end of 20 May on Yara's website
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Contact |
Egil Hogna, Investor Relations
Telephone (+47) 24 15 71 66
Cellular (+47) 90 187 865
E-mail egil.hogna@yara.com
Arne Cartridge, Media Relations
Telephone (+47) 24 15 73 01
Cellular (+47) 47 900 900
E-mail arne.cartridge@yara.com