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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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
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