OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of October, 2012
(Commission File No. 1-14862 )
Camacari, Bahia - CEP 42810-000 Brazil
Form 20-F ___X___ Form 40-F ______
in paper as permitted by Regulation S-T Rule 101(b)(1). _____
in paper as permitted by Regulation S-T Rule 101(b)(7). _____
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ______ No ___X___
BRASKEM S.A.
C.N.P.J No. 42.150.391/0001-70 - NIRE 29300006939
MINUTES OF THE BOARD OF DIRECTORS’ MEETING
HELD ON OCTOBER 16, 2012
On October 16, 2012, at 1:00 p.m., at the Company’s offices located at Avenida das Nações Unidas, 8501, 24º andar, São Paulo/SP, CEP. 05.425-070, a Meeting of the Board of Directors of BRASKEM S.A. (“Company”) was held with the presence of the undersigned Board Members. Board Members Almir Guilherme Barbassa and Roberto Zurli Machado did not attend the meeting and justified their absence, the former being represented by Arão Dias Tisser through a representation letter. Chief Executive Officer Carlos Fadigas de Souza Filho and Officers Marcela Aparecida Drehmer Andrade, Mauricio Roberto de Carvalho Ferro, Décio Fabrício Oddone da Costa, Rui Chammas and Luciano Nitrini Guidolin, Messrs. Fernando Musa and Marco Antônio Villas Boas and Ms. Leticia de Faria Lima, were also present.The Chairman of the Board of Directors, Mr. Marcelo Bahia Odebrecht, presided the meeting and Ms. Leticia de Faria Lima acted as secretary.AGENDA: I) Subjects for deliberation: After due analysis of the Proposal for Deliberation (“PD”), a copy of which and related documentation were previously sent for cognizance by the Board Members, as set forth in the Internal Rules and shall remain duly filed at the Company’s headquarters, the following deliberation was approved by unanimous vote, under the terms and conditions set out in the respective PD: 1) PD.CA/BAK-16/2012 – Execution of the International Credit Facility Agreement was approved, according to the terms and conditions of the respective PD, with the Executive Office being authorized to perform the acts necessary for the full implementation of this deliberation; II) Subjects for Acknowledgement:Presentations were made by the respective persons in charge regarding the matters contained in this item, namely: 1) Propene scenario in the USA; 2) Shale Gas scenario in the USA; and 3) Investment evaluation. III) Subjects of Interest to the Company:Nothing to register.IV)Adjournment: As there were no further subjects to be discussed, these minutes were drawn up, which, after read, discussed and found to be in order, are signed by all the attending Board Members, by the Chairman and by the Secretary of the Meeting. São Paulo, October 16, 2012. Sgd: Marcelo Bahia Odebrecht – Chairman; Leticia de Faria Lima – Secretary; José Carlos Cosenza; Alfredo Lisboa Ribeiro Tellechea; Almir Guilherme Barbassa (represented by Arão Dias Tisser); Felipe Montoro Jens; Newton Sergio de Souza; Patrick Horbach Fairon; Álvaro Fernandes da Cunha Filho; Luiz de Mendonça; and José Alcides Santoro Martins.
The above matches the original recorded in the proper book.
Leticia de Faria Lima
Secretary
Headquarters-Manufacturing Unit: Camaçari/BA - Rua Eteno, 1561, Polo Petroquímico de Camaçari - CEP 42810-000 - Tel.(71) 3413-1000 Offices: Salvador/BA - Av. Magalhães Neto, 1856, Ed TK Tower, s. 1101 a 1.103 e 1108, Pituba - CEP 41810-012 - Tel. (71) 3271-2044 - Fax (71) 3342-3698 São Paulo/SP – Av. das Nações Unidas, 8501, 23, 24, e parte do 25 andares, Alto de Pinheiros, CEP. 05425-070 – Tel. (11) 3576-9999 – Fax (11) 3576-9197
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: October 17, 2012| BRASKEM S.A. | |||
| By: | /s/ Marcela Aparecida Drehmer Andrade | ||
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| Name: | Marcela Aparecida Drehmer Andrade | ||
| Title: | Chief Financial Officer | ||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.