All Stories
Subscribe to Schoeller-Bleckmann Oilfield Equipment AG

08.06.2007 – 09:07

Schoeller-Bleckmann Oilfield Equipment AG

euro adhoc: Schoeller-Bleckmann Oilfield Equipment AG
Buybacks / Schoeller-Bleckmann Oilfield Equipment AG: Notification of the intended purchase of own shares of the Company pursuant to section 65 para 1 no. 8 and also para 1a and 1b of the Austrian S

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


The Management Board of Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the Vienna Stock Exchange, decided to issue a share buyback program on June 6, 2007. The legal authorization of the repurchase of own shares within the time frame of 18 months was obtained at the Annual General Meeting on April 19, 2007 (published on the SBO website at on April 23, 2007).

In total, up to 1.600.000 shares or 10% of the equity capital can be repurchased at a price not below EUR 1,-- and not above EUR 100,--. The share buyback program will take place between June 11, 2007 and October 18, 2008. 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.

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 challenging directional drilling. Worldwide, SBO employs a workforce of 1.119 (December 31, 2006: 1.086), 325 at Ternitz, Lower Austria and 568 in North America (including Mexico).

end of announcement                                                 euro adhoc 08.06.2007 08:30:00

ots Originaltext: Schoeller-Bleckmann Oilfield Equipment AG
Im Internet recherchierbar:

Further inquiry note:
Gerald Grohmann, President and CEO,
Schoeller-Bleckmann Oilfield Equipment AG,
A-2630 Ternitz, Hauptstraße 2,
Tel: +43 2630/315 DW 110, Fax: DW 101,

Mick Stempel, Hochegger|Financials,
Tel.:+43 1/504 69 87 DW 85,

Branche: Oil & Gas - Upstream activities
ISIN:      AT0000946652
WKN:        907391
Index:    WBI, ATX Prime
Börsen:  Wiener Börse AG / official dealing

Original content of: Schoeller-Bleckmann Oilfield Equipment AG, transmitted by news aktuell

More stories: Schoeller-Bleckmann Oilfield Equipment AG
More stories: Schoeller-Bleckmann Oilfield Equipment AG