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 
 
 
Dow Chem. (LSE:DOW)
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