
YARA INTERNATIONAL A
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388.7NOK | +0.18% |
Yara International : Buy-back of own shares - Yara International
11/25/2020 | 10:53am |
shares in the<br />
market at an average price of
<br />
Yara intends to buy back 8,551,880 of its shares outstanding by
under an external<br />
bank mandate subject to "safe harbour" exemptions. Including the proportional
redemption of shares<br />
owned by the Norwegian state, the total buyback and redemption will amount to
approximately 5.0%<br />
(13,406,611) of shares outstanding.<br />
<br />
Yara has an agreement with the Norwegian State according to which the State's
shares will be<br />
redeemed on a pro-rata basis to ensure that the State's ownership is unchanged
when shares are<br />
cancelled.<br />
<br />
After this transaction Yara holds 3,742,692 own shares acquired as part of its
current buy-back<br />
program.<br />
<br />
The buy-back is authorized by the Yara Annual General meeting held
and the shares<br />
acquired pursuant to this authorization shall be subsequently cancelled. Please
refer to Yara stock<br />
exchange releases dated
about the buy-back<br />
program.
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