Schoeller-Bleckmann Oilfield Equipment AG
EANS-Adhoc: Schoeller-Bleckmann Oilfield Equipment AG
Announcement of a
resolution for the sale of treasury shares
--------------------------------------------------------------------------------
Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is solely responsible for the content of this announcement.
--------------------------------------------------------------------------------
Buybacks/Stock Activity
06.03.2017
Ternitz/Vienna, 6 March 2017. In compliance with the resolution passed by the
Annual General Meeting on 27 April 2016, the Executive Board of
SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft ("SBO") with its seat
in Ternitz has decided to sell treasury shares over-the-counter.
Sale of the shares is made for the purpose of allocation of 6,000 shares,
representing 0.0375 % of the share capital, in course of a long-term
remuneration programme to the CEO of the company.
The announcement of the intended sale of treasury shares, based on the above
mentioned resolution by the Executive Board of SBO, is made pursuant to Sec 4
and 5 Veröffentlichungsverordnung (Austrian Publication Directive). The program
is scheduled to being executed from 17 March until 15 April 2017.
All transactions carried out in course of such sale of treasury shares will be
published on the website at www.sbo.at (Investor Relations - Corporate
Governance - Share Buyback/Sale).
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 2016, SBO employed a workforce of 1,200
worldwide (31 December 2015: 1,135), thereof 315 in Ternitz/Austria and 544 in
North America (including Mexico).
Further inquiry note:
Andreas Böcskör, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Tel: +43 2630/315 DW 252, Fax: DW 101
E-Mail: a.boecskoer@sbo.co.at
end of announcement euro adhoc
--------------------------------------------------------------------------------
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
Original content of: Schoeller-Bleckmann Oilfield Equipment AG, transmitted by news aktuell