Oslo, 11 May 2017: The Yara International ASA Annual General Meeting today approved a dividend of NOK 10.00 per share and a new Power of attorney to the Board regarding acquisition of own shares. All agenda items were approved in line with the proposals included in the Annual General Meeting notice.
The dividend of NOK 10.00 per share will be paid on 23 May 2017 to shareholders as of 11 May 2017, and the Yara share will be traded ex-dividend from 12 May 2017. American Depository Receipts (ADRs) will also be traded ex-dividend from 12 May 2017, with a dividend payment date of 31 May 2017.
The Annual General Meeting approved a new Power of attorney to the Board regarding acquisition of own shares. The Board is thereby given authorization to acquire up to 5 percent of Yara's shares before the next Annual General Meeting. Yara has renewed its 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 in the event repurchased shares are cancelled.
The full minutes of the Annual General Meeting are available on Yara's website:
http://yara.com/investor_relations/reports_presentations/ (http://yara.com/investor_relations/reports_presentations/)
Contact
Thor Giæver, Investor Relations
Telephone: (+47) 24 15 72 95
Cellular: (+47) 48 07 53 56
E-mail: thor.giaver@yara.com (mailto:thor.giaver@yara.com)
About Yara
Yara's knowledge, products and solutions grow farmers', distributors' and industrial customers' businesses profitably and responsibly, while protecting the earth's resources, food and environment.
Our fertilizers, crop nutrition programs and technologies increase yields, improve product quality and reduce the environmental impact of agricultural practices. Our industrial and environmental solutions improve air quality by reducing emissions from industry and transportation, and serve as key ingredients in the production of a wide range of goods. We foster a culture that promotes the safety of our employees, contractors and societies.
Founded in 1905 to solve emerging famine in Europe, today Yara has a worldwide presence, with close to 15,000 employees and sales to about 160 countries.
www.yara.com (http://www.yara.com)
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Yara International ASA via Globenewswire
