08.03.2005 – 16:51

Schoeller-Bleckmann Oilfield Equipment AG

euro adhoc: Schoeller-Bleckmann Oilfield Equipment AG
Annual & Special Corporate Meetings
Schoeller-Bleckmann Oilfield Equipment AG: General Meeting adopts authorised capital and increases dividend Exclusion of 15 % discount in accordance with § 26,

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

08.03.2005

Ternitz, March 8, 2005. The 2005 Annual General Meeting of
Schoeller-Bleckmann Oilfield Equipment AG has adopted today the
dividend for the business year 2004 amounting to 30 Eurocent plus 10
Eurocent bonus, in total 40 Eurocents per share (following 30
Eurocents for 2003). Furthermore, the Managing Board was authorised
to issue up to 3 million new shares by 2010 under a capital increase
(authorised capital).

Additionally, the General Meeting has adopted an amendment to the
Articles of Association to the effect that, in case of a take-over
bid, all shareholders shall be treated equally and a 15% discount is
excluded in accordance with § 26 para. 1 of the Take-over Act
(Übernahmegesetz). This amendment was proposed by the Supervisory
Board, as SBO has now also formally committed itself to observe the
Austrian Corporate Governance Code.

The General Meeting has also granted authorisation to the Managing
Board to a period of 18 months to which the Board may implement a
share buyback program with the consent of the Supervisory Board.

Comments of SBO on the Corporate Governance Code as well as all
detailed resolutions and the voting results of the General Meeting
2005 are published on the company’s website: http://info.sbo.at

end of announcement                    euro adhoc 08.03.2005 16:16:22 

Further inquiry note:

Gerald Grohmann, Chief Executive Officer
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Tel: +43 2630/315 ext. 110, Fax: ext. 101
E-Mail: sboe@sbo.co.at

Mick Stempel, Hochegger|Financials
Tel:+43 1/504 69 87 ext. 85
E-Mail: m.stempel@hochegger.com

Branche: Oil & Gas - Upstream activities
ISIN: AT0000946652
WKN: 94665
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official dealing

Original-Content von: Schoeller-Bleckmann Oilfield Equipment AG, übermittelt durch news aktuell