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
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Buybacks
Ternitz (euro adhoc) - 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
Original content of: Schoeller-Bleckmann Oilfield Equipment AG, transmitted by news aktuell