Saskatoon-PotashCorp on Dec. 22 announced that it purchased for cancellation 2,950,000 of its common shares outstanding pursuant to private agreement between the company and an arm’s-length third-party seller. This purchase brings the cumulative total number of shares purchased under PotashCorp’s 31.5 million share repurchase program – announced in January 2008 and expanded in September 2008 – to 22.85 million shares. This transaction was made pursuant to an issuer bid exemption order issued by the Ontario Securities Commission (the Order), and the disclosure in this news release is required by the Order. The Order permits PotashCorp to purchase up to an additional 1,750,000 common shares by way of one or more similar private agreements with one or more arm’s-length third party sellers specified in the Order, prior to Jan. 30, 2009.
Transparency Across the Fertilizer Value-Chain