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Schoeller-Bleckmann Oilfield Equipment AG

EANS-News: Schoeller-Bleckmann Oilfield Equipment AG
Publication in accordance with § 65 Abs. 1a AktG and § 82 Abs. 9 BörseG

Ternitz (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Buybacks
SCHOELLER-BLECKMANN OILFIELD EQUIPMENT
Aktiengesellschaft Ternitz
ISIN-Code AT0000946652
Publication in accordance with § 65 Abs. 1a AktG and § 82 Abs. 9 
BörseG
At the Annual General Meeting of the shareholders of 
SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft, FN 102999 
w, located in 2630 Ternitz, Hauptstraße 2, held on 28 April 2010, the
following resolutions were made:
"a. the revocation of the authorization granted to the Executive 
Board at the Annual General Meeting on 16 April 2008 to acquire own 
shares pursuant to Articles 65 (1) (no 8) and (1a) and (1b) of the 
Austrian Stock Corporation Act (AktG), together with the simultaneous
resolution on the authorization of the Executive Board to acquire, 
within a period of 30 months commencing from the day of adoption of 
the resolution, own shares of the Company pursuant to Article 65 (1) 
(no 8) and (1a) and (1b) of the Austrian Stock Corporation Act 
(AktG), up to a maximum of 10% of the issued share capital of the 
Company, with the minimum price for the buy-back being EUR 1.00 and 
the maximum price for the buy-back being EUR 100.00, as well as to 
determine the terms and conditions of such buy-back, whereupon the 
Executive Board is obliged to make public the respective resolution 
it has adopted and the buy-back programme based on such resolution, 
including its duration, in accordance with the applicable statutory 
provisions. The authorisation may be exercised either fully or partly
and also in several partial amounts and in pursuance of one or 
several purposes by the Company, by a subsidiary of the Company 
(Section 228 (3) of the Austrian Commercial Code (UGB)) or by third 
parties for the account of the Company. Trading in the Company´s own 
shares shall not be a valid purpose for any buy-back under this 
authorisation and, therefore, be prohibited;
b. The authorization of the Executive Board to withdraw and cancel, 
or re-sell, the Company´s own shares acquired, without the 
requirement of any further resolution to be adopted by the General 
Meeting, and to determine the terms and conditions of re-selling the 
shares. The authorization may be exercised either fully or in several
partial amounts and in pursuance of one or several purposes by the 
Company, by a subsidiary (Section 228 (3) Austrian Commercial Code 
(UGB)) or by third parties for the account of the Company."
This authorization supersedes the authorization granted at the Annual
General Meeting on 16 April 2008, agenda item 6, concerning the 
acquisition and utilization of own shares. The authorization for the 
usage of own shares refers not only to shares which will be acquired 
in future but also to existing holdings.
Ternitz, April 29, 2010
The Executive Board
end of announcement                               euro adhoc

Further inquiry note:

Gernot Bauer, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Tel: +43 2630/315 ext 250, fax: ext 501
e-mail: g.bauer@sbo.co.at

Branche: Oil & Gas - Upstream activities
ISIN: AT0000946652
WKN: 907391
Index: WBI, ATX Prime, ATX
Börsen: Wien / official market

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