Yara AGM approves dividend and buy-back program
(Thomson Reuters ONE) -
Oslo (2011-05-11): Yara International ASA's Annual General Meeting yesterday
approved a dividend of NOK 5.50 per share, cancelled repurchased shares and
renewed the authorization of the Board of Directors to acquire own shares.
The dividend of NOK 5.50 per share will be paid on 23 May 2011 to shareholders
as of 10 May 2011. The Yara share will be traded exclusive of dividend from 11
May 2011. American Depository Receipts (ADRs) will also be traded exclusive of
dividend from 11 May 2011, and the dividend payment date for ADRs is 31 May
2011.
The Annual General Meeting resolved to cancel 750,000 repurchased shares and to
redeem 425,759 shares from the Norwegian State. The number of shares in the
company will consequently be reduced to 287,656,159.
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 share is unchanged in the event repurchased shares are
cancelled.
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=2011
&cat=090_AGM&nbi=5&pag=1
Contact
Thor Giæver, Investor Relations
Cellular (+47) 48 075 356
E-mailthor.giaver(at)yara.com
Asle Skredderberget, Media Relations
Cellular (+47) 41 44 36 10
E-mailasle.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 7,300 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 pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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 Thomson Reuters ONE
[HUG#1514296]
Unternehmensinformation / Kurzprofil:
Datum: 11.05.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 54503
Anzahl Zeichen: 3235
contact information:
Town:
Oslo
Kategorie:
Business News
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