Dow Chemical Co Formal Notice
03 September 2013 - 2:15PM
UK Regulatory
TIDMDOW
Cancellation of Listing of Common Stock (ISIN number
US2605431038) on the Official List of the London Stock Exchange
MIDLAND, Mich., 3 September 2013 - The Dow Chemical Company (the
"Company") Application for cancellation of admission and listing --
At a meeting of the Board of Directors of the Company (the "Board")
held on 10 July 2013, the Board approved a resolution proposing to
cancel the standard listing of the Company's common stock of
US$2.50 (the "Common Stock") from the Official List and which are
traded on the main market of the London Stock Exchange.
Consequently, the Board intends to request that the UK Listing
Authority cancel the listing of Common Stock of the Company from
the Official List and the admission to trading of the Common Stock
on the main market of the London Stock Exchange (the
"Cancellation").
It is anticipated that the Cancellation will take effect from 2
October 2013. Listing Rule 5.2.8 requires a company with a standard
listing which wishes to cancel the listing of its shares to notify,
via a RIS, of the intended cancellation at least 20 business days
before the intended cancellation date.
Reasons for the proposed Cancellation
The Cancellation is being sought for the following reasons:
-- only a small amount of trading in the Common Stock is conducted on the
London Stock Exchange, and taking into account the high external
costs
the Company incurs as a listed company on the Official List, the
Board
consider that there is no significant benefit to the Company
in
maintaining this listing;
-- generally, the Company will be subject to a lighter regulatory burden
thereby increasing its flexibility and reducing management
time
devoted to compliance matters; and
-- in practical terms, as the Company is also listed on the New York
Stock Exchange which is the Company's main trading platform,
the
continued listing of the Company on the Official List does not
afford
the Company a material advantage in terms of additional sources
of
funding relative to the ongoing cost of maintaining the listing
on the
Official List.
Contact
For further information, please contact:
Amy E. Wilson
Assistant Secretary
Phone: (989) 638-2176
Email: aewilson@dow.com
This information is provided by Business Wire
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