Edition:
United Kingdom

DowDuPont Board Of Directors Approves Separation Of Materials Science Division, Creating The New Dow


Friday, 8 Mar 2019 

March 8 (Reuters) - DowDuPont Inc ::DOWDUPONT BOARD OF DIRECTORS APPROVES SEPARATION OF MATERIALS SCIENCE DIVISION, CREATING THE NEW DOW.DOW REAFFIRMS INTENT TO ISSUE ANNUAL DIVIDEND PAYOUT OF $2.1B & LAUNCH $3B OPEN SHARE REPURCHASE PROGRAM AFTER SEPARATION.DOW DECLARES 2Q DIVIDEND OF $525MM.DOWDUPONT DECLARES 2Q DIVIDEND OF $325MM.DOWDUPONT REAFFIRMS INTENT FOR DUPONT AND CORTEVA TO ISSUE ANNUAL DIVIDEND PAYOUTS OF $900MM AND $400MM.BOARD APPROVED PREVIOUSLY ANNOUNCED SEPARATION OF DOWDUPONT'S MATERIALS SCIENCE DIVISION, WHICH WILL BECOME NEW DOW ON APRIL 1.ANTICIPATED THAT "WHEN-ISSUED" TRADING IN DOW COMMON STOCK ON NYSE WILL BEGIN ON OR ABOUT MARCH 20, 2019 UNDER SYMBOL "DOW WI".ANTICIPATED THAT DOW COMMON STOCK WILL BEGIN "REGULAR-WAY" TRADING ON NYSE ON APRIL 2, 2019 UNDER SYMBOL "DOW.".BEGINNING ON MARCH 20, 2019 AND CONTINUING THROUGH APRIL 1, 2019, EXPECTED THAT THERE WILL BE 2 MARKETS IN DOWDUPONT COMMON STOCK ON NYSE.EXPECTED THAT THERE WILL BE A "REGULAR-WAY" MARKET UNDER SYMBOL "DWDP" IN DOWDUPONT COMMON STOCK ON NYSE.EXPECTED THAT THERE WILL BE AN "EX DISTRIBUTION MARKET" UNDER SYMBOL "DWDP WI" IN DOWDUPONT COMMON STOCK ON NYSE.