EANS-Other capital market information: Schoeller-Bleckmann Oilfield Equipment AG / Acquisition and/or sale of treasury shares according to art. 119 para. 9 Stock Exchange Act

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SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft
Ternitz, FN 102999 w
ISIN AT0000946652

Announcement of the resolution by the Annual General Meeting of 23 April 2020
as to the authorization to buy back shares
Sec. 65 (1) (no 8) and (1a) and (1b) Stock Corporation Act in connection with
Sec. 119 (9) Stock Exchange Act and Sec. 2 Publication Ordinance

At the 2020 Annual General Meeting of SCHOELLER-BLECKMANN OILFIELD EQUIPMENT
Aktiengesellschaft, taking place today, the following resolution was made under
agenda item 8:

i) the revocation of the authorizations of the Executive Board resolved in the
Annual General Meeting on 24 April 2018 regarding Item 8 on the agenda to
reacquire, cancel and sell treasury shares pursuant to Section 65 (1) no. 8 and
(1a) and (1b) AktG;

ii) the authorization to the Executive Board pursuant to Section 65 (1) no. 8
and (1a) and (1b) AktG to acquire treasury shares in the Company, valid for a
period of 30 months from the date of the resolution, whereby the shares acquired
by the Company on the basis of this authorization together with the treasury
shares already held must not exceed 10% of the Company's issued share capital
and the consideration to be paid per share upon repurchase must not be less than
EUR 1,-- and not exceed EUR 300--, and to determine the other repurchase
conditions, whereby the Executive Board shall publish the resolution of the
Executive Board and the respective repurchase program based thereon, including
its duration; the authorization may be exercised in whole or in several partial
amounts and in pursuit of one or more purposes by the Company, by a subsidiary
(Section 189a (7) UGB) or by third parties for the account of the Company;
trading in treasury shares is excluded as a purpose of acquisition in any case
pursuant to Section 65 (1) No. 8 AktG;

iii) the authorization of the Executive Board to cancel acquired treasury shares
without a further resolution of the Annual General Meeting pursuant to Section
65 (1) no. 8 AktG, which would result in a capital reduction by the portion of
the issued share capital attributable to the cancelled shares; and the
authorization of the Supervisory Board to resolve amendments to the Articles of
Association resulting from the cancellation of shares;

iv) the authorization the Executive Board pursuant to Section 65 (1b) AktG for a
period of five years, to resolve, with the approval of the Supervisory Board, on
the sale of treasury shares, already held at the time of the resolution or to be
acquired for the first time, by other means of sale than via the stock exchange
or a public offering; this encompasses the exclusion of the statutory repurchase
right (subscription right) of the shareholders (authorization to exclude the
statutory repurchase right [subscription right]); the shareholders' statutory
repurchase right (subscription right) is excluded (direct exclusion of the
statutory repurchase right [sub-scription right]), (i) if and to the extent that
the sale of treasury shares is effected by means of a public offer while
generally maintaining the statutory repurchase right (subscription right) of the
shareholders, in order to exclude fractional amounts (share fractions) from the
repurchase right (subscription right) of the shareholders, (ii) to be able to
service an over-allotment option (greenshoe option) granted to the issuing bank
(s) in connection with a capital increase of the Company and/or (iii) to be able
to implement an accelerated bookbuilding procedure.

Ternitz, April 2020. The Executive Board

Further inquiry note:
Andreas Böcskör, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Phone: +43 2630 315 ext 252, fax ext 101
E-Mail: [email protected]

Ildiko Füredi-Kolarik
Metrum Communications GmbH
Tel: +43 1 504 69 87 ext 351
E-Mail: [email protected]

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: [email protected]
WWW: http://www.sbo.at
ISIN: AT0000946652
indexes: WBI, ATX
stockmarkets: Wien
language: English

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | EAE

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