Yara International ASA purchased yesterday 75,000 own shares in the market at an average price of NOK 246.85.
The transaction is part of a buy-back program, authorized by the Annual General Meeting held 10 May 2011. The AGM authorized Yara to buy back up to 5% of Yara`s shares (14,382,808 shares).
The shares are purchased for later cancellation. Yara has renewed the 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 175,000 own shares, acquired as part of this buy-back program.
