Ternitz/Vienna, 25 April 2012. The Annual General Meeting of Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX segment of the Vienna Stock Exchange, resolved to increase the dividend for fiscal 2011 from EUR 1.00 last year to EUR 1.20. The ex-dividend and dividend payment date was set at 9 May 2012.

 

Furthermore, the Executive Board was authorised, for a maximum period of 30 months following the date of the resolution, to acquire own shares of the company and to withdraw acquired own shares, or to re-sell them and determine the terms of sale without any further resolution by the Annual General Meeting.

 

The Executive Board and the Supervisory Board were granted discharge for fiscal 2011 by the Annual General Meeting.

 

All mandates of the members of the Supervisory Board came to their end at the conclusion of this year's Annual General Meeting. At the elections to the Supervisory Board the mandates of Mag. Norbert Zimmermann, Dr. Peter Pichler, Dr. Karl Schleinzer, Mag. DI Helmut Langanger and Karl Samstag were renewed for another period.

 

The Annual General Meeting also adopted amendments to the Articles of Association, in particular for adjusting them to changed legal provisions.

 

For the current fiscal year, SST Schwarz & Schmid Wirtschaftsprüfungsges.m.b.H. Wirtschaftsprüfungs- und Steuerberatungsgesellschaft was appointed auditor of the annual financial statements of the company, and Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H. was appointed auditor of the consolidated financial statements.

 

 

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 directional drilling. Worldwide, SBO has employed a workforce of 1459 as at 31 December 2011 (31 December 2010: 1275), thereof 412 in Ternitz/Austria and 635 in North America (including Mexico).

 

 

Further inquiry note:

 

Florian Schütz, Head of Investor Relations                

Schoeller-Bleckmann Oilfield Equipment AG            

A-2630 Ternitz, Hauptstraße 2                                   

Tel: +43 2630/315 ext 251, fax ext 501                      

e-mail: f.schuetz@sbo.co.at

SBO financial calendar 2012

 

* Publication of first-half results for 2012 was postponed to 23 August 2012.