CORRECTED ATTACHMENT Yara AGM and new buy-back program
Oslo (2012-04-19): Yara International ASA will hold its Annual General Meeting on Thursday 10 May at 18:00 CEST at Bygdøy allé 2, Oslo. The Board asks the General Meeting to authorize a new share buy-back program.
The Board proposes that the existing buy-back program is replaced by a new program, authorizing the Board to acquire up to 5% of Yara's shares before the next Annual General Meeting. Shares may be purchased within a price range of NOK 10 to NOK 1,000. The shares may either be used for cancellation or as payment in business transactions. The company will enter into a new agreement with the Norwegian State to redeem shares 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 Nomination Committee proposes re-election of Bernt Reitan, Hilde Merete Aasheim, Elisabeth Harstad and Leiv L. Nergaard as Board members. Juha Rantanen is proposed as new Board member. Rantanen is a Finnish citizen and served as CEO of Outokumpu Oyj from 2005 to 2011. The Nomination Committee recommends to the Board that Bernt Reitan is elected as Chairperson.
The complete notice of the Annual General Meeting will be distributed to Yara's registered shareholders and is also available on Yara's website
http://www.yara.com/investor_relations/index.aspx
Contact
Thor Giæver, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 48 07 53 56
E-mail [email protected]
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.
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http://hugin.info/134793/R/1603808/507293.pdf
http://hugin.info/134793/R/1603808/507291.pdf
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