Yara approves dividend and share buy-back program and elects new chairperson
06.05.2014 | Globenewswire Europe
![Yara approves dividend and share buy-back program and elects new chairperson](https://www.goldseiten.de/media/goldseiten-news.jpg)
approved a dividend of NOK 10.00 per share and a new Power of attorney to the
Board regarding acquisition of own shares. The new Board elected Leif Teksum as
its new chairperson.
The dividend of NOK 10.00 per share will be paid on 15 May 2014 to shareholders
as of 5 May 2014, and the Yara share will be traded ex dividend from 6 May
2014. American Depository Receipts (ADRs) will also be traded ex dividend from
6 May 2014, with a dividend payment date of 22 May 2014.
Hilde Merete Aasheim and Geir Isaksen were re-elected as Board members and Leif
Teksum, Hilde Bakken and John Thuestad were elected as new Board members, all
for a period of two years. After the general meeting, the Board elected Leif
Teksum as its new chairperson, and Hilde Merete Aasheim as vice chair.
The Annual General Meeting approved the cancellation of 1,450,000 of the
Company's own shares and the redemption of 823,135 shares owned by the Norwegian
State. The number of shares in the company will consequently be reduced to
276,227,775.
The Annual General Meeting approved a new Power of attorney to the Board
regarding acquisition of own shares. The Board is thereby given authorization to
acquire up to 5 percent of Yara's shares before the next Annual General Meeting.
Yara will renew its 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 in the event repurchased shares are cancelled.
The full minutes of the Annual General Meeting will be made available by the end
of the day on Yara's website:
http://www.yara.com/investor_relations/reports_presentations/index.aspx?tab=2014
&cat=All
Contact
Thor Giæver, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 48 07 53 56
E-mail thor.giaver@yara.com
Esben Tuman, Media Relations
Cellular (+47) 90 50 84 00
E-mail esben.tuman@yara.com
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.
www.yara.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Yara International ASA via GlobeNewswire
[HUG#1782835]