Reporting to Continue in Accordance with U.S. Securities Law
TORONTO, July 5, 2013 /CNW/ - The Dow Chemical Company (NYSE: DOW) today announced that it has applied to the Ontario Securities Commission for an order that Dow is not a reporting issuer for purposes of Ontario securities law. Dow is currently a reporting issuer in Ontario only and is not a reporting issuer in any other jurisdiction of Canada.
As a reporting issuer in Ontario, Dow is subject to certain Canadian filing and disclosure requirements as well as filing and disclosure requirements that are applicable to it pursuant to the securities laws of the United States and the requirements of the New York Stock Exchange, the London Stock Exchange, the Tokyo Stock Exchange and the SIX Swiss Stock Exchange where Dow's common shares are currently listed and posted for trading (collectively, the "Exchanges"). Dow has applied for an order to cease being a reporting issuer in Canada because its securities do not trade on any marketplace in Canada and it wishes to eliminate the cost of complying with Canadian regulatory requirements that are comparable to the regulatory requirements that are also applicable to it in the United States.
An order of the Ontario Securities Commission that Dow is not a reporting issuer in Ontario will not affect Dow's continued compliance with its reporting obligations under United States securities laws, its listings on the Exchanges or its continued compliance with the requirements of the Exchanges or the securities laws of other applicable jurisdictions. If the order is granted, Dow will no longer be a reporting issuer in Ontario or any other jurisdiction of Canada and it will no longer be subject to Canadian continuous disclosure requirements.
All continuous disclosure documents that have been filed by Dow in accordance with U.S. securities laws can be accessed online on the EDGAR website at www.sec.gov/edgar.shtml and on Dow's website at www.dow.com/investors/. Dow has provided an undertaking to the Ontario Securities Commission to concurrently deliver to its Canadian resident securityholders all disclosure Dow would be required under U.S. securities law or Exchange requirements to deliver to U.S. resident securityholders with effect as of and from the date on which Dow ceases to be a reporting issuer in Ontario.
Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2012, Dow had annual sales of approximately $57 billion and employed approximately 54,000 people worldwide. The Company's more than 5,000 products are manufactured at 188 sites in 36 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
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SOURCE The Dow Chemical Company