By Dominic Chopping 
 

Norwegian fertilizer producer Yara International ASA (YAR.OS) said Monday that at its upcoming AGM it will propose replacing the existing buy-back program with a new program, authorizing the Board to acquire up to 5% of Yara's shares before the next AGM.

 
   MAIN FACTS: 

-Shares may be purchased within a price range of NOK10 to NOK1,000.

-The shares may either be used for cancellation or as payment in commercial transactions.

-The company has entered into a new agreement with the Norwegian State to redeem shares on a pro-rata basis so that the State's ownership is unchanged in the event of a cancellation of the shares bought back.

-Shares closed Friday at NOK255, valuing the company at NOK71.02 billion.

-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics

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