OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of October, 2019
(Commission File No. 1-14862 )
Camacari, Bahia - CEP 42810-000 Brazil
Form 20-F ___X___ Form 40-F ______
in paper as permitted by Regulation S-T Rule 101(b)(1). _____
in paper as permitted by Regulation S-T Rule 101(b)(7). _____
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___
NOTICE TO THE MARKET
RELEVANT SHAREHOLDING SALE
São Paulo, October 21, 2019 – BRASKEM S.A. (B3: BRKM3, BRKM5 e BRKM6; OTC: BRKMY; LATIBEX: XBRK) (“Company”), pursuant to article 12 of CVM Instruction No. 358/02, hereby announces to its shareholders and the market that it has received a notice from Alaska Investimentos LTDA., a private legal entity, with principal place of business at Rua Bandeira Paulista, 600, conjunto 73, Itaim Bibi, CEP: 04532-001, City of São Paulo, State of São Paulo, Brazil, enrolled in the corporate taxpayers register (CNPJ/ME) n° 11.752.203/0001-50 informing that sold, on October 10, 2019, preferred shares class A issued by the Company, reaching an interest of 16,787,800 class A preferred shares, representing 4.86% of the total amount of class A preferred shares issued by the Company. Alaska Investimentos LTDA. also declared that possesses 3,000,000 derivative financial instruments referenced in class A preferred shares with financial settlement.
Alaska Investimentos LTDA. also announced that the reduction of the equity interest aforementioned was intended for financial transactions purposes only, and it is not intended to change the controlling interest or the administrative structure of the Company.
The correspondence received from Alaska Investimentos LTDA. is attached to this notice.
For more information, please contact Braskem's Investor Relations Department by calling +55 (11) 3576-9531 or sending an e-mail tobraskem-ri@braskem.com.br
Free translation from the Original Portuguese Version
São Paulo, October 17, 2019
To
Braskem S.A.
Attn: Mr. Pedro Van Langendonck Teixeira de Freitas
Investor Relations Officer
Addr: Rua Lemos Monteiro, 120, 24º andar
São Paulo – SP
Re.: Statement of Reduction in relevant Ownership Interest.
Dear Sirs,
Alaska Investimentos Ltda., a private legal entity, with registered office at Rua Bandeira Paulista, 600, conjunto 73, Itaim Bibi, CEP: 04532-001, in the City and State of São Paulo, enrolled with the Brazilian Corporate Taxpayer Registry of the Ministry of Finance (CNPJ/MF) under No. 11.752.203/0001-50 (“Alaska”), duly registered to the Securities and Exchange Commission as portfolio manager, pursuant to CVM Declaratory Act No. 11,198, dated July 28, 2010, hereby states that on October 10, 2019, it sold shares of Braskem S.A. (“Company”), through investment funds under its management (“Funds”), reaching the ownership interest as shown below:
Issuer Share Class | Total Shares | Percentage reached |
Class A Preferred Shares (BRKM5) | 16,787,800 | 4.86% |
The Total Class A Preferred Shares (BRKM5) includes 500,000 shares acquired through a forward contract.
Alaska further states that it has 3,000,000 derivative financial instruments referenced in Class A preferred shares (BRKM5).
The aforementioned ownership interest reduction was aimed solely for the purposes of financial transactions. The position of the Funds in the Company is not intended to change the Company’s control or administrative structure.
Finally, Alaska states that the reported ownership interest refers only to the Funds managed by it.
Respectfully,
_________________________
Alaska Investimentos LTDA
Acácio Roboredo
Attorney-in-Fact
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:October21, 2019BRASKEM S.A. | |||
By: | /s/ Pedro van Langendonck Teixeira de Freitas | ||
Name: | Pedro van Langendonck Teixeira de Freitas | ||
Title: | Chief Financial Officer |
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