Schoeller-Bleckmann Oilfield Equipment AG
EANS-Adhoc: Schoeller-Bleckmann Oilfield Equipment AG
Publication of a
resolution, to make use of a share buyback authorization, and announcement of a
share buyback program
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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
23.04.2014
Ternitz/Vienna, April 23, 2014. Within the framework of the implementation of
the resolution passed by the Annual General Meeting which took place on April
23, 2014, the Executive Board of SCHOELLER-BLECKMANN OILFIELD EQUIPMENT
Aktiengesellschaft ("SBO") with its registered headquarters in Ternitz, Lower
Austria, has decided to exercise its buyback authorization. In accordance with
this authorization, a total of up to 1.600.000 bearer shares - which corresponds
to up to 10% share of the company's equity capital - can be bought back. The
repurchased own shares are used for possible future employee participation
schemes or for establishing an option for using the Company's own shares to
acquire shareholdings. The company shall reserve the right to also use the
repurchased shares for other purposes that are in line with the authorization
granted by the General Meeting.
With this announcement, the share buyback program based on the above mentioned
resolution of the Executive Board of SCHOELLER-BLECKMANN OILFIELD EQUIPMENT
Aktiengesellschaft is publicly made known pursuant § 5
Veröffentlichungsverordnung (Regulation on Publications).
The publication of all transactions carried out within the framework of the
share buyback program or the sale of own shares will be made known on the
Internet at the following address: www.sbo.at (Investor Relations - Corporate
Governance - Share buyback/sale - Document: "Start share buyback/resale 2014".
Link: http://www.sbo.at/cms/cms.php?pageName=81)
The present announcement is in no way to be construed as an offer to acquire SBO
shares, and in no way constitutes an obligation on the part of the company to
accept offers to repurchase SBO shares.
1. Day in which the resolution was passed by the Annual General Meeting in
regards to authorizing the buyback authorisation: April 23, 2014
2. Day and manner in which the resolution of the Annual General Meeting was
announced: April 23, 2014 on the SBO website www.sbo.at (Link:
http://www.sbo.at/cms/cms.php?pageName=hauptversammlung) and pursuant § 82 para
9 together with § 82 para 8 Stock Exchange Act
3. Begin and expected duration of the share buyback program: April 30, 2014 to
October 21, 2016
4. Class of shares: bearer shares
5. Intended volume of shares, in particular the share of own shares to be
repurchased or to be sold as a proportion of the company's equity capital, if
necessary to be implemented separately according to the specific class of
shares: up to 1.600.000 non-par value bearer shares - or up to 10% of equity
capital
6. Highest and lowest value per share to be paid or to be realized: not under
EUR 1,-- and not above EUR 300,--
7. Manner and purpose of the share buyback and/or sale of own shares: The
repurchased own shares are used for possible future employee participation
schemes or for establishing an option for using the Company's own shares to
acquire shareholdings. The Company shall reserve the right to also use the
repurchased shares for other purposes that are in line with the authorization
granted by the General Meeting. The Company's own shares are repurchased via the
stock exchange.
8. Possible effects of the share buyback program on the admission of the shares
to official trading: None
9. Number and distribution of the share options to be granted or which have
already been granted to employees, senior managers and individual board members:
None
Ternitz, April 23, 2014
The Executive Board
end of ad-hoc-announcement
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Schoeller-Bleckmann Oilfield Equipment AG is the global market leader in
high-precision components for the oilfield service industry. The business focus
is on non-magnetic drillstring components for directional drilling. Worldwide,
SBO has employed a workforce of 1574 as at 31 December 2013 (31 December 2012:
1591), thereof 435 in Ternitz/Austria and 607 in North America (including
Mexico).
Further inquiry note:
MMag Florian Schütz, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz/Austria, Hauptstrasse 2
Tel.: +43 2630 315-251
Fax: +43 2630 315-501
E-Mail: f.schuetz@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
Original-Content von: Schoeller-Bleckmann Oilfield Equipment AG, übermittelt durch news aktuell