Yara AGM approves dividend and buy-back program
(Thomson Reuters ONE) -
Oslo (2010-05-12): Yara International ASA's Annual General Meeting approved
yesterday a dividend of NOK 4.50 per share and renewed the authorization of the
Board of Directors to acquire own shares.
The dividend of NOK 4.50 per share will be paid out on 26 May 2010 to
shareholders as of 11 May 2010. The Yara share will be traded exclusive of
dividend from 12 May. American Depository Receipts (ADRs) will also be traded
exclusive of dividend from 12 May, and the payment date for ADRs is 3 June.
The Annual General Meeting resolved to renew the authorization of the Board of
Directors to acquire the company's own shares. The Board is thereby given
authorization to acquire up to 5 percent of Yara's shares within the next 12
months. Yara has renewed the 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.
Øivind Lund was re-elected as Chairman of the Board, and Bernt Reitan, Elisabeth
Harstad and Leiv L. Nergaard were re-elected as Board members. Hilde Merete
Aasheim was elected as new Board member.
The complete protocol from the Annual General Meeting will be available during
the course of the day on Yara's website:
http://www.yara.com/investor_relations/reports_presentations/index.aspx?tab=2010
&cat=090_AGM&nbi=5&pag=1
Contact
Torgeir Kvidal, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 91 339 832
E-mail torgeir.kvidal(at)yara.com
Asle Skredderberget, Media Relations
Cellular (+47) 41 44 36 10
E-mail asle.skredderberget(at)yara.com
Yara International ASA is the world's leading chemical company that converts
energy, natural minerals and nitrogen from the air into essential products for
farmers and industrial customers. As the number one global supplier of mineral
fertilizers, we help provide food for a growing world population. Our industrial
product portfolio includes environmental protection agents that prevent air
pollution. Yara's global workforce of 7,600 employees represents the great
diversity and knowledge that enables Yara to remain a leading performer in the
industry.
www.yara.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1414875]
Unternehmensinformation / Kurzprofil:
Datum: 12.05.2010 - 07:32 Uhr
Sprache: Deutsch
News-ID 20733
Anzahl Zeichen: 0
contact information:
Town:
Oslo
Kategorie:
Business News
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