Schoeller-Bleckmann Oilfield Equipment AG

euro adhoc: Schoeller-Bleckmann Oilfield Equipment AG
Restructuring & Recapitalisations
Schoeller-Bleckmann Oilfield Equipment AG: Largest strategic investment programme in the company┬ĺs history - funding by issue of up to 3 million shares - free fl

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

09.03.2005

Ternitz/Vienna, March 10, 2005. Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed in the prime market of the Vienna Stock Exchange, plans the largest investment programme in the company┬ĺs history. As the Managing Board has announced SBO is planning to spend approximately EUR 100 mn until 2007 for strategic investments. These investments will include the expansion of production capacities, new sites and the expansion of the high-precision components' business for the oilfield service industry. Approximately half of the programme will be financed by a capital increase being carried out as of now until March 25, from cash-flow and outside funds.

The new shares offered for subscription as of today, Thursday, will be issued under a combined offer. On the one hand, this offer consists of a subscription rights offer to existing shareholders who may exercise their subscription rights until the end of the subscription period on March 25. The subscription ratio is 13:3, so that for 13 old shares 3 new shares can be subscribed. A trading of subscription rights is not planned. On the other hand, the combined offer of SBO comprises of a public offer to private and institutional investors in Austria as well as of a private placement to international institutional investors. In addition, Berndorf AG, which currently holds just above 50% of the shares of SBO, will offer another 1.16 million shares. Finally, Berndorf AG granted an over allotment option of up to 500,000 shares to the Joint Lead Managers will be added from 's portfolio.

Berndorf AG no longer holds majority, but remains core shareholder

After complete placement of the new shares and Berndorf AG's shares as well as in case of full exercise of the over allotment option, SBO will be a publicly owned company of which Berndorf AG will remain the largest shareholder with approximately 31 %.

The issue price will be determined by way of a book building procedure, whereby the maximum price shall be EUR 22.00 per share. The final issue price per share will presumably be announced on presumably March 29, 2005. The new shares will be fully entitled to a dividend for the financial year 2005 and will be quoted in the segment prime market, ATX of the Vienna Stock Exchange, presumably as of April 1, 2005.

The transaction is led by Raiffeisen Centrobank as the sole global coordinator. Joint Lead Managers and Joint Bookrunners are Raiffeisen Centrobank and Bank Austria Creditanstalt.  

The Managing Board of SBO will participate privately in the capital increase.

Schoeller-Bleckmann Oilfield Equipment AG is the global leader for high-precision components for the oilfield service industry. The business focus is on non-magnetic drillstring components for directional drilling. Worldwide, SBO employs a workforce of 837 (December 31, 2003: 800), currently 211in the company headquarters at Ternitz, Lower Austria, and 435 in North America (including Mexico). The majority shareholder of the company is Berndorf AG.

Important notice:

"Diese Presseaussendung sowie die darin enthaltenen Informationen d├╝rfen nicht in die Vereinigten Staaten von Amerika (USA), nach Kanada, Japan oder Australien gebracht oder ├╝bertragen werden oder an US-amerikanische, kanadischen, japanischen oder australischen Personen (einschlie├člich juristischer Personen) sowie an Publikationen mit einer allgemeinen Verbreitung in den USA, in Kanada, Japan oder Australien verteilt oder ├╝bertragen werden. Jede Verletzung dieser Beschr├Ąnkungen kann einen Versto├č gegen US-amerikanische, kanadische, japanische oder australische wertpapierrechtliche Vorschriften begr├╝nden. Aktien der SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft (die "Gesellschaft") werden in den USA, in Kanada, Japan oder Australien nicht zum Kauf angeboten. Diese Presseaussendung ist kein Angebot zum Kauf oder zur Zeichnung von Aktien oder sonstigen Wertpapieren und Finanzinstrumenten. Wertpapiere der Gesellschaft werden au├čerhalb von ├ľsterreich, insbesondere in den USA, nicht ├Âffentlich zum Kauf angeboten. Ein b├Ârse- und kapitalmarktrechtlichen Vorschriften entsprechender Prospekt wurde am 9.M├Ąrz 2005 bei Oesterreichische Kontrollbank Aktiengesellschaft als Meldestelle hinterlegt und gem├Ą├č ┬ž 10 Kapitalmarktgesetz im Amtsblatt zur Wiener Zeitung ver├Âffentlicht. Der Prospekt ist am Sitz der SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft, Hauptstra├če 2, 2630 Ternitz, bei Raiffeisen Centrobank AG, Tegetthoffstra├če 1, 1015 Wien, sowie bei Bank Austria Creditanstalt AG, Vordere Zollamtsstra├če 13, 1030 Wien, Am Hof 2, 1010 Wien, und Schottengasse 6, 1010 Wien, zu den ├╝blichen Gesch├Ąftszeiten in Form einer Brosch├╝re unentgeltlich erh├Ąltlich. Im Zusammenhang mit dem Angebot von Aktien der Gesellschaft sind ausschlie├člich die Angaben im Prospekt verbindlich."

"THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA, CANADA, JAPAN AND AUSTRALIA AND SHOULD NOT BE DISTRIBUTED TO US-, CANADIAN, JAPANESE OR AUSTRALIAN PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA. IN ADDITION, THE SHARES OF SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AKTIENGESELLSCHAFT (THE "COMPANY") HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES, CANADIAN, JAPANESE AND AUSTRALIAN SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR TO US-, CANADIAN, JAPANESE OR AUSTRALIAN PERSONS. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SHARES OR ANY OTHER SECURITIES. SECURITIES OF THE COMPANY ARE NOT PUBLICLY OFFERED OUTSIDE OF AUSTRIA, IN PARTICULAR THE U.S.A. AN OFFERING CIRCULAR (PROSPECTUS) PREPARED IN ACCORDANCE WITH APPLICABLE AUSTRIAN CAPITAL MARKETS AND STOCK EXCHANGE LAWS HAS BEEN FILED WITH OESTERREICHISCHE KONTROLLBANK AKTIENGESELLSCHAFT AS NOTIFICATION OFFICE ON MARCH 9, 2005 AND PUBLISHED IN ACCORDANCE WITH SECTION 10 OF THE AUSTRIAN CAPITAL MARKETS ACT. THE OFFERING CIRCULAR MAY BE OBTAINED AT SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AKTIENGESELLSCHAFT, HAUPTSTRASSE 2, A-2630 TERNITZ, AT RAIFFEISEN CENTROBANK AG, TEGETTHOFFSTRASSE 1, A-1015 VIENNA, AND AT BANK AUSTRIA CREDITANSTALT AG, VORDERE ZOLLAMTSSTRASSE 13, A-1030 VIENNA, AM HOF 2, A-1010 VIENNA, AND SCHOTTENGASSE 6, A-1010 VIENNA, DURING USUAL BUSINESS HOURS. IN CONNECTION WITH THE PUBLIC OFFERING OF SHARES OF THE COMPANY, ONLY THE INFORMATION CONTAINED IN THE OFFERING CIRCULAR IS LEGALLY BINDING."

end of announcement                                euro adhoc 10.03.2005 07:15:00
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Further inquiry note: Gerald Grohmann, Chief Executive Officer Schoeller-Bleckmann Oilfield Equipment AG A-2630 Ternitz, Hauptstra├če 2 Tel: +43 2630/315 ext. 110, fax: ext. 101 E-mail: sboe@sbo.co.at

Mick Stempel, Hochegger|Financials Tel: +43 1/504 69 87 ext. 85 E-mail: m.stempel@hochegger.com

Branche: Oil & Gas - Upstream activities
ISIN:      AT0000946652
WKN:        94665
Index:    WBI, ATX Prime
B├Ârsen:  Wiener B├Ârse AG / official dealing



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