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 OF THE MINUTES OF THE BOARD OF DIRECTORS’ MEETING
OF COMPANHIA SIDERÚRGICA NACIONAL HELD ON NOVEMBER 23, 2009,
DRAWN UP IN THE SUMMARY FORMAT.
Company Registry (NIRE): 33300011595
Corporate Taxpayers’ ID (CNPJ): 33.042.730/0001-04
1. Date: November 23, 2009.
2. Time: 6 p.m.
3. Venue: Av. Brigadeiro Faria Lima, nº 3400 – 20º andar, in the city and state of São Paulo.
4. Attendees: Benjamin Steinbruch (Chairman), Jacks Rabinovich, Antonio Francisco dos Santos, Fernando Perrone, Dionísio Dias Carneiro Netto, Gilberto Sayão da Silva and Yoshiaki Nakano – Board Members; Claudia Maria Sarti – Secretary. The meeting was held through conference call.
5. Agenda and Resolutions: The Board of Directors (“Board”) approved, pursuant to Article 17, item XXX of the Company’s Bylaws, by unanimous vote of the attending members, the acquisition by the Company or by any of its direct or indirect subsidiaries of a minority interest in the capital stock of Riversdale Mining Limited (“Riversdale”), a mining company with shares listed on the Australian Stock Exchange. Said acquisition will include (i) 28,750,598 (twenty-eight million, seven hundred fifty thousand, five hundred and ninety-eight) shares, representative of 14.99% of the capital stock of Riversdale and (ii) provided that governmental approval is obtained in connection with the foreign investment, according to applicable Australian legislation, 2,482,729 (two million, four hundred eighty-two thousand, seven hundred twenty-nine) additional shares, representative of 1.3% of the capital stock of Riversdale, for the aggregate equity interest of 16.3% of the capital stock of Riversdale. The price per share shall be of six Australian dollars and ten cents (A$6.10), plus applicable costs. Immediately thereafter, the Board empowered the Executive Officers of CSN and Mr. Fernando Quintana Merino to carry out all acts that shall be deemed necessary to implement the aforementioned acquisition.
This is a free English translation of the original minutes filed at the Company’s Headquarters.
Claudia Maria Sarti
Secretary of the Meeting
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/ Paulo Penido Pinto Marques
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Paulo Penido Pinto Marques
Chief Financial Officer and Investor Relations Officer |
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