Yara completes share buy-back

Written by Customer Service on . Posted in Mergers And Acquisitions.

Oslo, 22 November 2019: Reference is made to Yara’s stock exchange releases dated 18 October 2019 and 29 October 2019. Yara International ASA has now completed the buy-back of 0.5% (1,362,013 shares) of its shares outstanding, under an external bank mandate issued subject to “safe harbour” exemptions. After this, Yara holds a total of 1,362,013 own shares. 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 the shares are cancelled. Including the proportional redemption of shares owned by the Norwegian state, this buyback and redemption will amount to approximately 0.8% of shares outstanding.


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