Corporate Taxpayer ID (CNPJ): 42.150.391/0001-70
Company Registry (NIRE): 29.300.006.939
Publicly Held Company
Braskem S.A. ("we" or the "Company") (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) hereby informs that we will not be able to file our Form 20-F for the year ended December 31, 2017 (the "2017 20-F") on or prior to May 16, 2019. No further extensions may be granted pursuant to Section 802.01E of the New York Stock Exchange ("NYSE") Listed Company Manual. The NYSE has suspended the trading of our American depositary shares ("ADSs") and will initiate delisting procedures, which is subject to appeal in accordance with the rules and procedures of the NYSE.
The Company has already filed its consolidated financial statements for the fiscal years 2017 and 2018 with CVM - Comissão de Valores Mobiliários, the Brazilian Securities Market Regulator, and remains in compliance with its rules. Additionally, the Company has undertaken significant efforts and deployed significant resources, working to complete additional procedures and analyses on our internal processes and controls. The Board of Directors and senior management will continue to dedicate significant efforts and resources and are working towards filing the 2017 20-F and our annual report on Form 20-F for the year ended December 31, 2018 as expeditiously as possible, in order to resume trading of the Company's ADS on the NYSE.
We also expect that our ADSs will be available as soon as possible for trading in the over-the-counter market ("OTC") in the United States. We will provide the ticker under which our ADSs will trade on the OTC as soon as it is available.
During the suspension period, in accordance with our ADS program, ADS holders may request the depositary bank, The Bank of New York Mellon, to cancel their ADSs and to provide the underlying preferred shares, which are traded on the B3, in a ratio of one ADS to two preferred shares class A.
Below are the contact details for our ADS depositary bank, The Bank of New York Mellon. ADS holders may discuss this matter further with the people listed below. In addition, our investor relations team is also available to assist.
The Bank of New York Mellon
ADR Brazil Team
Tel: +55 11 3050.8381
Braskem S.A. Investor Relations Team
Tel: +55 (11) 3576-9531/ Alternative phone: +55 (11) 3576-9266
São Paulo, May 13, 2019
Pedro van Langendonck Teixeira de Freitas
Chief Financial and Investor Relations Officer