Pursuant to Rule 13a-16 or 15d-16 of the
São Paulo, SP, Brazil
04538-132
under cover Form 20-F or Form 40-F. Form 20-F ___X___ Form 40-F _______
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____
COMPANHIA SIDERÚRGICA NACIONAL
Publicly-held Company
Corporate Taxpayer’s ID (CNPJ/MF):’ 33.042.730/0001-04
Company Registry (NIRE): 35-3.0039609.0
NOTICE TO THE MARKET
In accordance with CVM Instruction 358, Companhia Siderúrgica Nacional (“CSN”) hereby informs its shareholders and the market in general, in addition to the material fact published on April 27, 2016, that CSN elected two (2) members of the Board of Directors and one (1) member of the Fiscal Council, and their respective alternates, at the Annual Shareholders' Meeting of Usinas Siderúrgicas de Minas Gerais S.A. (“USIMINAS”) held on April 28, 2016. Said election was authorized by the Administrative Council for Economic Defense (Conselho Administrativo de Defesa Econômica, or “CADE”), Brazil’s antitrust authority, at a session held on April 27, 2016.
The candidates elected by CSN are (i) Gesner José Oliveira Filho (sitting member), (ii) Ricardo Antonio Weiss (sitting member), (iii) Derci Alcantara (alternate) and (iv) Sonia Julia Sulzbeck Villalobos (alternate) for the Board of Directors, and (v) Wagner Mar (sitting member) and (vi) Pedro Carlos de Mello (alternate) for the Fiscal Council.
The investiture of the members elected by CSN is conditioned to the signature of a term of commitment with CADE, which will ensure their full independence from CSN, in addition to other obligations such as to send periodic reports to CADE.
Furthermore, the work of these independent members will contribute to strengthening USIMINAS’ governance and overcoming the company’s crisis. To this end, we reaffirm that CADE’s decision to allow the election of said members will contribute to ensuring USIMINAS’ financial health and, consequently, to maintaining a healthy competitive environment in the steel market.
São Paulo, April 29, 2016
Paulo Rogério Caffarelli
Investor Relations Officer
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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 Rogério Caffarelli
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Paulo Rogério Caffarelli
Executive 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 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.