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(“Yara”), by way of a demerger and a subsequent triangular merger of Yara’s
clean ammonia business to Yara Clean Ammonia Holding AS, a wholly-owned
subsidiary of Yara.
The demerger of the Yara Clean Ammonia business has now been registered as
completed in the Norwegian Register of Business Enterprises and the Yara Clean
Ammonia business has been transferred to the intermediary company Yara Clean
Ammonia NewCo AS and the share capital of Yara has been reduced through a
reduction of the nominal value per share. The new share capital of Yara is NOK
363,697,250.2306, divided by 254,725,627 shares.
The intermediary company Yara Clean Ammonia NewCo AS will be merged with Yara
Clean Ammonia Holding AS by way of a triangular merger before opening of the
market on the Oslo Stock Exchange tomorrow, 25 August 2022. The merger will
result in the share capital of Yara being increased to NOK 433,033,565.90,
consisting of 254,725,627 shares, i.e. as before the demerger. A separate
announcement will be made when the merger has been registered as completed in
the Norwegian register of Business Enterprises.
Thus, following completion of the demerger and the triangular merger, Yara’s
shareholders will have the same number of shares in the company, and the nominal
value of the shares in Yara will be the same as before the demerger and
triangular merger.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Contacts:
Silje Nygaard
Investor contact, Yara
Mobile: +47 957 04 843
E-mail: silje.nygaard@yara.com
Hilde Steinfeld
Communications Director, Yara Clean Ammonia
Mobile: +47 993 53 030
E-mail: hilde.steinfeld@yara.com
About Yara
Yara grows knowledge to responsibly feed the world and protect the planet.
Supporting our vision of a world without hunger and a planet respected, we
pursue a strategy of sustainable value growth, promoting climate-friendly crop
nutrition and zero-emission energy solutions. Yara’s ambition is focused on
growing a nature positive food future that creates value for our customers,
shareholders and society at large and delivers a more sustainable food value
chain.
To achieve our ambition, we have taken the lead in developing digital farming
tools for precision farming and work closely with partners throughout the food
value chain to improve the efficiency and sustainability of food production.
Through our focus on clean ammonia production, we aim to enable the hydrogen
economy, driving a green transition of shipping, fertilizer production and other
energy intensive industries.
Founded in 1905 to solve the emerging famine in Europe, Yara has established a
unique position as the industry’s only global crop nutrition company. We operate
an integrated business model with around 17,000 employees and operations in over
60 countries, with a proven track record of strong returns. In 2021, Yara
reported revenues of USD 16.6 billion.
www.yara.com (https://www.yara.com/)
About Yara Clean Ammonia (YCA)
Yara grows knowledge to responsibly feed the world and protect the planet. Yara
Clean Ammonia is uniquely positioned to enable the hydrogen economy in a market
expected to grow substantially over the next decades. We aim at significantly
strengthening our leading global position as the world’s largest ammonia
distributor, unlocking the green and blue value chains, and driving the
development of clean ammonia globally.
Building on Yara’s leading experience within global ammonia production,
logistics and trade, Yara Clean Ammonia works towards capturing growth
opportunities in low-emission fuel for shipping and power, carbon-free food
production and ammonia for industrial applications.
Yara Clean Ammonia operates the largest global ammonia network with 12 ships and
has access to 18 ammonia terminals and multiple ammonia production and
consumption sites across the world, through Yara. Revenues and EBITDA (1) for
the last 12 months were USD 3,638 million and USD 172 million as per Q2 2022.
Yara Clean Ammonia is headquartered in Oslo, Norway.
www.yaracleanammonia.com (http://www.yaracleanammonia.com)
(http://www.yaracleanammonia.com)
Kilde
