Yara International ASA: Yara general meeting approves dividend and new share buyback authorization
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The dividend of NOK 20.00 per share will be paid on 19 May 2021 to shareholders as of 6 May 2021, and the Yara share will be traded ex-dividend from 7 May 2021. American Depository Receipts (ADRs) will also be traded ex-dividend from 7 May 2021, with a dividend payment date of 26 May 2021.
The Annual General Meeting approved the proposed capital reduction and 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 share of 36.21% is not changed as a result of share buy-backs.
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