DowDuPont Inc. (NYSE: DWDP) announced at today’s Special Meeting of Stockholders that its stockholders approved a reverse stock split of the company’s common stock. With approximately 2 billion eligible votes cast, stockholders voted approximately 97 percent in favor of the reverse stock split. Stockholders approved the reverse stock split at a ratio of not less than 2-for-5 and not greater than 1-for-3, with an exact ratio as may be determined by the Board of Directors.

DowDuPont also announced that after receiving stockholder approval in favor of the reverse stock split, its Board of Directors established a reverse stock split ratio of one (1) new share of DowDuPont common stock for three (3) shares of current DowDuPont common stock. The reverse stock split is expected to occur on June 1, 2019. As such, if the reverse stock split is completed, then stockholders will receive one (1) new share of DowDuPont common stock for every three (3) shares of DowDuPont common stock held on June 1, 2019. Stockholders will receive cash in lieu of any fractional shares of DowDuPont common stock. The price of each new share of DowDuPont common stock is expected to increase so that a stockholder would have fewer but higher priced shares. The reverse stock split will not have any impact on the voting and other rights of stockholders and will have no impact on the company’s business operations or any of its outstanding indebtedness.

The reverse stock split is intended to increase the market price of DowDuPont’s common stock in connection with the company’s intended distribution of all of the shares of common stock of its wholly owned subsidiary, Corteva, Inc., which holds the company’s Agriculture Business, to the holders of the company’s common stock on a pro rata basis (the “Corteva Distribution”).

The company confirmed that it will change its name from “DowDuPont Inc.” to “DuPont de Nemours, Inc.,” doing business as “DuPont,” on June 1 in connection with the intended Corteva Distribution. The company’s common stock is expected to trade on the New York Stock Exchange (NYSE) under the ticker symbol “DD” beginning on June 3, 2019.

About DowDuPont
DowDuPont (NYSE: DWDP) is a holding company comprised of the future Corteva Agriscience™ and DuPont, which are expected to separate on June 1, 2019, creating two strong, independent, publicly traded companies in the agriculture and specialty products sectors, respectively. Each will lead their industry through productive, science-based innovation to meet the needs of customers and help solve global challenges. DowDuPont completed the separation of the Materials Science business through the spin-off of Dow Inc. (NYSE: Dow) on April 1, 2019. For more information, please visit us at www.dow-dupont.com.