August 26, 2009
Kuraray Co., Ltd.
At a Board of Directors' meeting held on August 26, 2009, the Company decided to apply for the delisting of its common stock from the Osaka Stock Exchange. Brief details are as follows.
The Company has decided to apply for the delisting of its common stock from the Osaka Stock Exchange due to the extremely low level of trading of the Company's stock on the exchange in recent years and the very minor effect it believes the move will have on its shareholders and investors alike. Delisting will serve to reduce the administrative tasks and costs associated with cross listings.
The Company's common stock will continue to be listed on the Tokyo Stock Exchange.
The Company will apply for delisting on August 27, 2009 (Thursday).
After the Osaka Stock Exchange receives the Company's application for common stock delisting, the Company's stock will be shifted to the Delisted Stock Trading Post. Delisting is expected to be completed one month thereafter.