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

Oslo (25 November 2020): Yara International ASA has today purchased 60,366 own
shares in the

market at an average price of NOK 371.4581 per share.



Yara intends to buy back 8,551,880 of its shares outstanding by 23 March 2021,
under an external

bank mandate subject to "safe harbour" exemptions. Including the proportional
redemption of shares

owned by the Norwegian state, the total buyback and redemption will amount to
approximately 5.0%

(13,406,611) of shares outstanding.



Yara has an agreement with the Norwegian State according to which the State's
shares will be

redeemed on a pro-rata basis to ensure that the State's ownership is unchanged
when shares are

cancelled.



After this transaction Yara holds 3,742,692 own shares acquired as part of its
current buy-back

program.



The buy-back is authorized by the Yara Annual General meeting held 7 May 2020,
and the shares

acquired pursuant to this authorization shall be subsequently cancelled. Please
refer to Yara stock

exchange releases dated 25 August 2020 and 7 May 2020 for further information
about the buy-back

program.

Click here for more information

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