Oslo (19/02/2020):Yara International ASA has today purchased 48,950 own shares in the market at an average price ofNOK 378.8503 per share. Yara intends to buy back 0.5% (1,362,013 shares) of its shares outstanding by31 March 2020 , under an externally issued bank mandate to allow independent execution 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 0.8% 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 1,714,656 own shares acquired as part of its current buy-back program. The transaction is part of a buy-back program authorized by the Yara Annual General meeting held onMay 7th 2019 , which authorized Yara to buy back up to 5% (13,620,131 shares) of its share capital before its 2020 Annual General Meeting. Please refer toYara stock exchange releases dated7 February 2020 and13 February 2020 for further information about the buy-back program.
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