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____
RELEVANT FACT
COMPANHIA
SIDERÚRGICA NACIONAL
Rua São José, 20
Grupo 1602, parte
Rio de
Janeiro/RJ
CNPJ No.
33.042.730/0001-04
COMPANHIA SIDERÚRGICA NACIONAL informs that the companys Board of Directors has approved on this date the proposal to be submitted to the Special Shareholders Meeting, relative to the split in the number of companys shares, so as to make its shares more liquid in the market. The split shall be at a ratio of 1 by 3, that is, each capital stock share will be represented by 4 shares. Thus, the amount of shares making up the companys capital stock, as per article 5 of its By-laws, which is in the amount of 71,729,261,430 shares, will be 286,917,045,720. For the shareowner, there will be no change over financial amount. This decision will be subject to the next Special Shareholders Meeting of the company, to be held on the same date as the next General Shareholders Meeting.
Rio de Janeiro, March 9, 2004.
Companhia Siderúrgica Nacional Lauro Henrique Campos Rezende Investor Relations Officer |
COMPANHIA SIDERÚRGICA NACIONAL
| ||
By: |
/S/
Otavio de Garcia Lazcano
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Otavio de Garcia Lazcano
Principal Financial Officer
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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.