On 24 May, Yara purchased 270,000 own shares at an average price of NOK 92.88 per share.
The transaction is part of a buy-back program, which authorizes Yara to buy back up to 5% of Yara's shares (15,736,867 shares) in the market. The authorization is valid until 18 May 2006. The purchase price shall not be less than NOK 10, nor more than NOK 300. The shares may either be used for cancellation or at the Board's discretion as payment in business transactions.
After this transaction Yara holds 270,000 own shares, acquired as part of this buy-back program. In addition, Yara holds 3,001,400 own shares from the previous buy-back program, shares which the General Meeting on 19 May decided to cancel.
The company has entered into a new agreement with the Norwegian State.The State's shares will be redeemed on a pro-rata basis to keep the State's ownership unchanged in the event of a cancellation of the purchased shares.
Any further buy-back transactions under the new program will be disclosed at the Oslo Stock Exchange, and at Yara's web site
http://www.yara.com/en/investor_relations/stock/buyback
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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
Yara International ASA is the world's leading supplier of mineral fertilizers with particular strength in nitrogen based fertilizers. Yara has a local presence in 50 countries worldwide. Yara sells more than 20 million tonnes of mineral fertilizers in more than 120 countries. Yara offers fertilizers meeting the nutrient needs of local crops supported by agronomic advice to make farming more profitable and agriculture more sustainable. Yara has a strong position in industrial markets in Europe as a supplier of nitrogen based chemicals and is the leading supplier of liquid CO2.