Oslo (26 October 2020): Yara International ASA has today purchased 60,366 own
shares in the market at an average price of NOK 340.6915 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
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 2,414,640 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.
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