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____
EXTRACT FROM THE MINUTES OF THE EXTRAORDINARY BOARD OF
DIRECTORS MEETING OF COMPANHIA SIDERÚRGICA NACIONAL, HELD ON
JUNE 27, 2008, DRAWN UP IN SUMMARY FORMAT.
Corporate Registry (NIRE): 33300011595
Date: June 27, 2008.
Time: 5:00 p.m.
Location: Av. Brigadeiro Faria Lima, 3400 – 20º andar, São Paulo, SP.
Attendance: Benjamin Steinbruch, Jacks Rabinovich, Antonio Francisco dos Santos, Yoshiaki Nakano, Dionísio Dias Carneiro, Mauro Molchansky, Darc Antonio da Luz Costa, Fernando Perrone and Claudia Maria Sarti (Secretary).
Agenda: 6.1 – Company shares – The Board of Directors (“Board”) unanimously approved the acquisition of up to 10,800,000 Company’s shares to be held in treasury for subsequent sale or cancellation, pursuant to article 3 of CVM Instruction 10/80, via transactions on the São Paulo Stock Exchange (BOVESPA), using the following brokers: Itaú Corretora de Valores S.A., Pactual CTVM S.A. and Credit Suisse First Boston CTVM S.A. The maximum term for the realization of the transactions is from June 30, 2008, inclusive, to July 29, 2008. The acquisition price of the shares may not exceed their stock market price. Pursuant to article 5 of CVM Instruction 10 of February 14, 1980, the number of shares outstanding is 455,343,843. The Company’s objective is to maximize the creation of shareholder’s value through efficient capital structure management. The Board will implement the resolution adopted herein. This is a free translation of the original filed at the Company’s headquarters.
COMPANHIA SIDERÚRGICA NACIONAL
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Claudia Maria Sarti Secretary
COMPANHIA SIDERÚRGICA NACIONAL |
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By: |
/S/ Benjamin Steinbruch
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Benjamin Steinbruch
Chief Executive Officer |
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By: |
/S/ Otávio de Garcia Lazcano
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Otávio de Garcia Lazcano
Chief Financial Officer and Investor Relations Officer |
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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 of future 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.