(Commission File No. 1-14862 )
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.
Corporate Taxpayer ID (CNPJ) 42.150.391/0001-70
Companies Registry (NIRE) 29.300.006.939
Publicly-Held Company
Braskem S.A. (“Braskem” or the “Company”), in compliance with CVM Instructions 10/80 and 358/02, hereby informs its shareholders and the market the following:
Braskem’s Board of Director, in a meeting held on the present date, approved a new buyback program of preferred shares class “A” issued by the Company, to be held in treasury for further sale or cancellation, with no reduction in the capital stock. The new program will start on February 19, 2015.
The main features of the 5th Braskem’s share buyback program are:
1. Objective
Purchase of preferred shares class “A” issued by Braskem to be held in treasury for further sale or cancellation, with no reduction in the capital stock (“Share Buyback Program”).
2. Number of outstanding shares
At the present date, there are 491,748,227 outstanding shares, being 225,334,029 common shares, 265,820,380 PNA shares and 593,818 PNB shares.
3. Number of shares held in treasury or by controlled companies
At the present date, 1,154,758 preferred shares class “A” are held in treasury or by controlled companies.
4. Number of shares to be purchased in the 5th Share Buyback Program
Up to 3,500,000 preferred shares class “A” (“Shares”), which added to the preferred shares class “A” described on item 3 above are within the limit established by CVM Instruction 10/08 (10% of outstanding preferred class “A” shares).
5. Period for Purchase
The program will be effective for 365 days from February 19, 2015.
6. Purchase Price
Shares will be purchased for the market price of its preferred class “A” shares traded on BM&FBOVESPA. Shares may be purchased either by the Company or, if authorized by CVM Instruction 10/08, article 23, by other financial institution to be timely hired by the Company for this purpose (“Financial Institution”), through Swap transaction with the same characteristics of the transaction used in the 4th Braskem’s Share Buyback Program, noting that:
7. Authorized Brokers
Itaú Unibanco CV S/A, Av. Hugo Beolchi, 900 – 15º andar, São Paulo, SP, CEP 04310-030; Santander Corretora de Cambio e Valores Mobiliários S.A., Av. Pres. Juscelino Kubitschek 2235 – 24º andar, São Paulo, SP, CEP 04543-011; Morgan Stanley CTVM, Av. Brigadeiro Faria Lima, 3600, São Paulo, CEP 04538-132; Citigroup Global Markets Brasil CCTVM (Citi Corretora), Av. Paulista, 1.111 - 14º andar, São Paulo, SP, CEP 01311-920; JPMorgan CCVM S.A., Av Brig Faria Lima 3729 – 13º andar, São Paulo, SP, CEP 04538-905; Credit Suisse Hedging Griffo Corretora de Valores, Av. Pres. Juscelino Kubisheck, 1830, torre 4, 7º andar, São Paulo, SP, CEP 04543-900;.
São Paulo, February 11, 2015.
BRASKEM S.A.
Mario Augusto da Silva
Chief Financial and Investor Relations Officer
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: February 11, 2015BRASKEM S.A. | |||
By: | /s/ Mário Augusto da Silva | ||
| |||
Name: | Mário Augusto da Silva | ||
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.