Agrium Completes Share Purchase Program.CALGARY, ALBERTA--(BUSINESS WIRE)--March 29, 1996--Agrium Inc. today announced that it has completed its share purchase program. Since the program began on April 1, 1995, Agrium has purchased 3,300,000, or approximately five percent, of its outstanding common shares on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. , at an average price of US$12.03 a share. Agrium President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. John M. Van Brunt said the completion of the share purchase program demonstrates to the financial community the seriousness of Agrium's commitment to increase shareholder value. "Our operations continue to generate substantial cash flow and, based on the fundamentals which drive our business, we are confident that the nitrogen, potash potash: see potassium carbonate. potash Name used for various inorganic compounds of potassium, chiefly the carbonate (K2CO3), a white crystalline material formerly obtained from wood ashes. and phosphate fertilizer markets will continue to exhibit strength for a number of years to come," added Mr. Van Brunt. "Consequently, our Company will have adequate cash resources, as well as ready access to other sources of capital, to continue to pursue our growth strategy and add shareholder value." Agrium Inc., one of North America's largest integrated and diversified fertilizer companies, has been a leader in the industry since 1931. CONTACT: Agrium Inc. Gordon Milne Gordon Milne (born 29 March 1937) was an English footballer and football manager. Life and playing career Gordon Milne, was born in Preston, Lancashire, England and is the son of the former Preston player Jimmy Milne, and son to Jesse Milne. , 403/258-4615 Dick Nichols Richard Nichols (born April 29, 1926) is a U.S. Representative from Kansas. Born in Fort Scott, Kansas, Nichols attended public schools. He earned his B.S. from Kansas State University in 1951. He was ensign in the United States Navy from 1944 to 1947. , 403/258-5746 dnichols@agrium.com |
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