SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Issuer
Pursuant to Section 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
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For the month of: February, 2016 |
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Commission File Number: 001-14460 |
AGRIUM INC.
(Name of
registrant)
13131 Lake Fraser Drive S.E.,
Calgary, Alberta,
Canada
T2J 7E8
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form
20-F ¨ Form 40-F x
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation
S-T Rule 101(b)(7): ¨
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
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AGRIUM INC. |
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Date: |
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February 17, 2016 |
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By: |
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/S/ GARY J. DANIEL |
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Name: |
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Gary J. Daniel |
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Title: |
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Corporate Secretary & Senior Legal Counsel |
EXHIBIT INDEX
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Exhibit |
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Description of Exhibit |
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1 |
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News Release dated February 17, 2016 |
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NEWS RELEASE FOR IMMEDIATE
RELEASE |
Agrium Announces Upcoming Renewal of Normal Course Issuer Bid
February 17, 2016
CALGARY, Alberta Agrium
Inc. (TSX and NYSE: AGU) (Agrium or the Corporation) today announced acceptance by the Toronto Stock Exchange (the TSX) of a Notice of Intention to Make a Normal Course Issuer Bid (the Bid).
Pursuant to the Bid, Agrium proposes to purchase through the facilities of the TSX, the New York Stock Exchange (the NYSE) and/or alternative
Canadian trading systems, from time to time over the next 12 months, if considered advisable, up to 6,908,450 common shares, being 5% of Agriums 138,169,000 issued and outstanding shares as of February 5, 2016.
In respect to the Bid, Agrium will be limited to daily purchases of up to 93,006 common shares on the TSX, being 25% of Agriums average daily TSX
trading volume of 372,024 common shares during the six months ended January 31, 2016, subject to certain prescribed exemptions available under applicable Canadian rules. The maximum number of shares which can be purchased per day on the NYSE
will be 25% of the average daily trading volume for the four calendar weeks preceding the date of purchase, subject to certain exceptions for block purchases.
Agrium is authorized to make purchases during the period of February 19, 2016 to February 18, 2017 or until such earlier time as the Bid is
completed or terminated at the option of Agrium. Any common shares Agrium purchases under the Bid will be purchased on the open market through the facilities of the TSX, the NYSE and/or alternative Canadian trading systems at the prevailing market
price at the time of such transaction. Agrium intends to rely on an automatic purchase plan during the Bid. The automatic purchase plan allows for purchases by Agrium of its common shares during certain pre-determined blackout periods, subject to
certain parameters. Outside of these pre-determined black-out periods, shares will be purchased in accordance with managements discretion.
The Bid
has been put in place because Agrium believes that the repurchase of common shares is consistent with Agriums objective of delivering a strong return of capital to its shareholders over time. All common shares purchased through the Bid will be
returned to treasury for cancellation. In 2015, Agrium purchased an aggregated of 5,574,331 common shares at an average share price of $100.25 pursuant to its prior normal course issuer bid that expired on January 25, 2016.
About Agrium
Agrium Inc. is a major producer and
distributor of agricultural products and services in North America, South America, Australia and Egypt through its agricultural retail-distribution and wholesale nutrient businesses. Agrium supplies growers with key products and services such as
crop nutrients, crop protection, seed, and agronomic and application services, thereby helping to meet the ever growing global demand for food and fiber. Agrium produces nitrogen, potash and phosphate fertilizers, with a combined wholesale nutrient
capacity of over nine million tonnes and with competitive advantages across all product lines. Agrium retail-distribution has an unmatched network of over 1,400 facilities and approximately 3,800
crop consultants. We partner with over half a million grower customers globally to help them increase their yields and returns on more than 50 different crops. With a focus on sustainability, the
company strives to improve the communities in which it operates through safety, education, environmental improvement and new technologies such as the development of precision agriculture and controlled release nutrient products. Agrium is focused on
driving operational excellence across our businesses, pursuing value-enhancing growth opportunities and returning capital to shareholders.
Forward-Looking Statements
Certain statements
and other information included in this press release constitute forward-looking information within the meaning of applicable Canadian securities legislation or constitute forward-looking statements within the meaning of
applicable U.S. securities legislation (collectively, the forward-looking statements). All statements in this press release, other than those relating to historical information or current conditions, are forward-looking statements.
These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause
actual results to differ materially from such forward-looking statements. All of the forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below.
Although Agrium believes that these assumptions are reasonable, this list is not exhaustive of the factors that may affect any of the forward-looking statements and the reader should not place an undue reliance on these assumptions and such
forward-looking statements.
Events or circumstances that could cause actual results to differ materially from those in the forward-looking
statements, include, but are not limited to: general economic, market and business conditions, and other risk factors detailed from time to time in Agrium reports filed with the Canadian securities regulators and the Securities and Exchange
Commission in the United States.
Agrium disclaims any intention or obligation to update or revise any forward-looking statements in this press
release as a result of new information or future events, except as may be required under applicable U.S. federal securities laws or applicable Canadian securities legislation.
FOR FURTHER INFORMATION:
Investor/Media Relations:
Richard Downey, Vice President, Investor & Corporate Relations
(403) 225-7357
Todd Coakwell, Director, Investor Relations
(403) 225-7437
Louis Brown, Analyst, Investor Relations
(403) 225-7761
Contact us at: www.agrium.com
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