OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of August, 2007
(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___
BRASKEM S.A.
C.N.P.J No 42.150.391/0001 -70 - NIRE 29300006939
MINUTES OF THE 530th MEETING OF THE BOARD OF DIRECTOR
HELD ON JULY 31, 2007
On the 31st (thirty-first) calendar day of July two thousand and seven, at 8a.m., in the Company’s office at Avenida das Nações Unidas, 4.777, São Paulo/SP, CEP: 05477-000, the five hundred and thirtieth (530º) Meeting of the Board of Directors of BRASKEM S.A. was held with the presence of the undersigned Board Members. Director President José Carlos Grubisich and Directors Carlos Fadigas, Mauricio Ferro, Mr. Nelson Raso and Mrs. Marcella Menezes Fagundes were also present. The Chairman of the Board of Directors, Pedro Augusto Ribeiro Novis, presided the meeting and Mrs. Marcella Menezes Fagundes acted as secretary. AGENDA: I) Subjects for Deliberation: The following deliberations were unanimously taken: 1) PROPOSALS FOR DELIBERATION (“PD”) – approved, after the due analysis of the terms and related documentation, and the clarification of the doubts, the following Proposal for Deliberation was approved, copy of which have been duly filed at the Company’s headquarters: a) PD.CA/BAK-14/2007 – Increase of the Capital Stock as a result of the exercise of the right to convert Debentures – in order to approve, without amendment of its By-laws, according to the article 168, Law 6,404/76 and observing the limit established on article 4º, paragraph 1º of the Company’s By-laws (i) the increase of the capital stock of the Company in the amount of R$ 1,113,517,661.20 (one billion, one hundred and thirteen million, five hundred and seventeen thousand and six hundred and sixty-one reais and twenty cents), changing the present capital stock of the Company from R$ 3,527,428,999.72 (three billion, five hundred and twenty-seven million, four hundred and twenty-eight thousand, nine hundred and ninety-nine reais and seventy-two cents) to R$ 4,640,946,660.92 (four billion, six hundred and forty million, nine hundred and forty-six thousand and six hundred and sixty reais and ninety-two cents), with the issuance of 77,496,595 (seventy-seven million, four hundred and ninety-six thousand and five hundred and ninety-five) book-entry and nonparty shares, comprised of 25,832,198 (twenty-five million, eight hundred and thirty-two thousand, one hundred and ninety-eight) common shares and 51,664,397 (fifty-one million, six hundred and sixty-four thousand and three hundred and ninety-seven) preferred shares class “A”, all subscribed and fully paid by Construtora Norberto Odebrecht S.A., as the beneficial owner of the convertible debentures, identified on the respective PD, and (ii) the adoption by the Board of Executive Officers of the necessary acts to implement the increase of the capital stock and the issuance of shares. II) Subjects for Acknowledgment: Nothing to be recorded. III) Subjects of Interest to the Company: Nothing to be recorded. IV) Adjournment- No further subjects remaining to be discussed, these minutes were drafted, which after being read, discussed and found to be in order, are signed by all the Board Members present at the meeting, by the Chairman and the Secretary. São Paulo/SP, July 31, 2007. [Signatures: Pedro Augusto Ribeiro Novis –Chairman; Marcella Menezes Fagundes – Secretary; Alvaro Fernandes da Cunha Filho –Vice Chairman; Alvaro Pereira Novis; Antonio Britto Filho; José de Freitas Mascarenhas; José Lima de Andrade Neto; Francisco Teixeira Sá; Luiz Fernando Cirne Lima; Newton Sergio de Souza; Patrick Horbach Fairon and Yukihiro Funamoto]
The above matches the original recorded on its own.
| Sede-Fábrica: Camaçari/BA - Rua Eteno, 1561, Polo Petroquímico de Camaçari - CEP 42810-000 - Tel.(71) 3632.5102 |
| Escritórios: Rio de Janeiro/RJ - Av. Presidente Vargas, nº 309, 13º andar - CEP 20071-003 - Tel. (21) 2216.1616 - Fax (21) 2223.0476 |
| Salvador/BA - Av. Tancredo Neves, 3343, Centro Empresarial Previnor, s. 301 - CEP 41820-021 - Tel. (71) 3342.3088 - Fax (71) 3342.3698 |
| São Paulo/SP – Av. das Nações Unidas, 4777, Alto de Pinheiros, CEP. 05477-000 – Tel. (11) 3443-9999 – Fax (11) 3023-0420 |
BRASKEM S.A.
C.N.P.J No 42.150.391/0001 -70 - NIRE 29300006939
MINUTES OF THE 530th MEETING OF THE BOARD OF DIRECTOR
HELD ON JULY 31, 2007
Marcella Menezes Fagundes
Secretary
| Sede-Fábrica: Camaçari/BA - Rua Eteno, 1561, Polo Petroquímico de Camaçari - CEP 42810-000 - Tel.(71) 3632.5102 |
| Escritórios: Rio de Janeiro/RJ - Av. Presidente Vargas, nº 309, 13º andar - CEP 20071-003 - Tel. (21) 2216.1616 - Fax (21) 2223.0476 |
| Salvador/BA - Av. Tancredo Neves, 3343, Centro Empresarial Previnor, s. 301 - CEP 41820-021 - Tel. (71) 3342.3088 - Fax (71) 3342.3698 |
| São Paulo/SP – Av. das Nações Unidas, 4777, Alto de Pinheiros, CEP. 05477-000 – Tel. (11) 3443-9999 – Fax (11) 3023-0420 |
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: August 01, 2007
| BRASKEM S.A. | |||
| By: | /s/ Carlos José Fadigas de Souza Filho | ||
| Name: | Carlos José Fadigas de Souza Filho | ||
| Title: | Chief Financial 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 offuture 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 a ctually 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.