YARA INTERNATIONAL A

YAR
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Yara International : Buy-back of own shares - Yara International

11/25/2020 | 10:53am

Oslo (25 November 2020): Yara International ASA has today purchased 60,366 own
shares in the<br />
market at an average price of NOK 371.4581 per share.<br />
<br />
Yara intends to buy back 8,551,880 of its shares outstanding by 23 March 2021,
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 7 May 2020,
and the shares<br />
acquired pursuant to this authorization shall be subsequently cancelled. Please
refer to Yara stock<br />
exchange releases dated 25 August 2020 and 7 May 2020 for further information
about the buy-back<br />
program.


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