Schoeller-Bleckmann Oilfield Equipment AG

EANS-Adhoc: Schoeller-Bleckmann Oilfield Equipment AG
Publication of the planned programme to buy back own shares pursuant to Sec. 65 (1) (8) and Paras. 1a and 1b Austrian Stock Corporation Act

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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Buybacks
27.04.2016


Ternitz/Vienna, 27 April 2016. The Annual General Meeting of today has once
again granted authorization to the Executive Board of Schoeller-Bleckmann
Oilfield Equipment AG (SBO) to buy back own shares within a period of 30 months
up to a maximum of 10 % of the issued share capital of the company, and to
cancel or dispose of own shares without any further resolution of the Annual
General Meeting being necessary and to determine the respective terms and
conditions of such disposal.

According to the authorization, the Executive Board has decided to conduct a
share buyback program. In total, up to 1,600,000 non-par value bearer shares -
which corresponds up to 10 % of the company's share capital - can be bought back
under the program, at a price per par-value share of at least EUR 1.- and EUR
300.- at most. The share buyback program runs from 03 May 2016 to 24 October
2018.

Own shares can be used for possible future employee participation schemes as
well as for implementing the corporate, growth and acquisition policy. The
company reserves the right to use the shares bought back also for other purposes
in line with the authorization given by the Annual General Meeting. 

Amendments and transactions conducted under the buyback program will be
published as required by the Austrian Stock Exchange Act and Publication
Ordinance on the website of Schoeller-Bleckmann Oilfield Equipment AG on
www.sbo.at (Investor Relations - Corporate Governance - Share buy-back/Sale).
The exact wording of the authorization given by the Annual General Meeting to
conduct the share buyback program is also available on the company's website
(Investor Relations - Annual General Meeting 2016).

The Share Buyback Program 2014 has now been terminated.

Schoeller-Bleckmann Oilfield Equipment AG is the global market leader in
high-precision components and a leading supplier of oilfield equipment for the
oilfield service industry. The business focus is on non-magnetic drillstring
components and high-tech downhole tools for drilling and completing directional
and horizontal wells. As of 31 December 2015, SBO employed a workforce of 1,135
worldwide (31 December 2014: 1,720), thereof 376 in Ternitz/Austria and 399 in
North America (including Mexico).

Further inquiry note:

Andreas Boecskoer, Investor Relations   

Schoeller-Bleckmann Oilfield Equipment AG        
A-2630 Ternitz, Hauptstraße 2   
Phone: +43 2630/315 ext 252, fax ext 101        
e-mail: a.boecskoer@sbo.co.at



Further inquiry note:
Andreas Boecskoer, Investor Relations	
Schoeller-Bleckmann Oilfield Equipment AG	 
A-2630 Ternitz, Hauptstraße 2	
Phone: +43 2630/315 ext 252, fax ext 101	
e-mail: a.boecskoer@sbo.co.at

end of announcement                               euro adhoc 
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issuer:      Schoeller-Bleckmann Oilfield Equipment AG
             Hauptstrasse 2
             A-2630 Ternitz
phone:       02630/315110
FAX:         02630/315101
mail:     sboe@sbo.co.at
WWW:      http://www.sbo.at
sector:      Oil & Gas - Upstream activities
ISIN:        AT0000946652
indexes:     WBI, ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English
 

 


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