Yara AGM and new buy-back program

Wednesday, 18. April 2012 08:01
Oslo (2012-04-18): 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 thor.giaver@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.



Notice of Annual General Meeting:
http://hugin.info/134793/R/1603256/506784.pdf

Proposal from the Nomination Committee:
http://hugin.info/134793/R/1603256/506789.pdf



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Source: Yara International ASA via Thomson Reuters ONE
[HUG#1603256]
Related Links: Yara International ASA
Author:
Hugin
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