Business
Yara completes repurchase of shares on the Oslo Stock Exchange: YAR
Oslo, March 4, 2020: Reference is made to the stock market press releases of Yaras dated February 7, 2020 and February 13. Yara International ASA has now finalized the purchase of 0.5% (1,362,013 shares) of its outstanding shares, under an external bank mandate issued subject to exemptions. "Yara now has a total of 2,724,026 treasury shares.
Yara has entered into an agreement with the Norwegian state that state shares will be redeemed on a pro rata basis to ensure that state ownership remains unchanged when the shares are canceled. The sum of the current holding of own shares in Yaras and the proportional proportional buyout of the Norwegian State amounts to approximately 1.6% of the outstanding shares.
Contact
Thor Giver, Investor Relations
Mobile: (+47) 480 75 356
E-mail: [email protected]
About Yara
Yara is developing knowledge to feed the world responsibly and protect the planet. Supporting our vision of a world without hunger, we pursue a strategy of sustainable value growth, promoting high-yielding climate-friendly crop nutrition solutions for the global farming community and the food industry .
Yaras ambition is to be the Crop Nutrition Company for the Future. We are committed to creating value for our customers, our shareholders and society as a whole, as we work to develop a more sustainable food value chain. To achieve our ambition, we have taken the lead in developing digital farming tools for precision farming and are working closely with partners throughout the food value chain to improve the efficiency and sustainability of agriculture and food production.
Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as the only global nutrition company for industrial crops. With our integrated business model and a global presence of approximately 16,000 employees and operations in over 60 countries, we offer a proven track record of responsible and reliable returns. In 2019, Yara achieved sales of 12.9 billion USD.
www.yara.com
This information is subject to disclosure requirements in accordance with section 5-12 of the Norwegian Securities Trading Act
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