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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.
08.06.2007
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 info.sbo.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

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,
E-Mail: sboe@sbo.co.at

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

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

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

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