We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Companhia Siderurgica Nacional | NYSE:SID | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.69 | 0 | 12:40:40 |
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
NOTICE TO THE MARKET
National Steel Company—CSN (BOVESPA: CSNA3; NYSE: SID) (the “Company”) informs that it has not been able to publish its audited financial statements as of and for the year ended December 31, 2016 and has not filed its annual report on Form 20-F for 2016 yet. As a result, the Company is not currently in compliance with its reporting obligations under U.S. Securities and Exchange (SEC) and New York Stock Exchange (NYSE) regulations.
The Company is working with its external auditors on certain accounting and disclosure matters related to the business combination that occurred on November 30, 2015, by which the Company’s subsidiary, CSN Mineração S.A. (formerly Congonhas Minérios S.A.), acquired control of Nacional Minerios S.A. (Namisa). In addition, the Company’s audit committee is in final stages of an internal investigation of an allegation published in the press in April 2017 concerning an alleged illicit payment of R$16.5 million during the construction of its long-steel plant in Volta Redonda. The company’s audit committee has mandated well-known external counsel and advisor to conduct the investigation and no indication of any misconduct has been identified to date.
The company currently does not have an estimated filing date, but is using its best efforts to finalize its financial statements and file its Form 20-F as soon as possible.
São Paulo, May 24, 2017.
David Moise Salama
Investor Relations Executive Officer
COMPANHIA SIDERÚRGICA NACIONAL
|
|
|
|
By:
|
/
S
/ Benjamin Steinbruch
|
Benjamin Steinbruch
Chief Executive Officer
|
|
|
|
|
By:
|
/
S
/ David Moise Salama
|
David Moise Salama
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.
1 Year Companhia Siderurgica Na... Chart |
1 Month Companhia Siderurgica Na... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions