EANS-Adhoc: Schoeller-Bleckmann Oilfield Equipment AG / Announcement of a resolution for the sale of treasury shares

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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) 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/Stock Activity
06.03.2017

Ternitz/Vienna, 6 March 2017. In compliance with the resolution
passed by the Annual General Meeting on 27 April 2016, the Executive
Board of SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft
("SBO") with its seat in Ternitz has decided to sell treasury shares
over-the-counter.

Sale of the shares is made for the purpose of allocation of 6,000
shares, representing 0.0375 % of the share capital, in course of a
long-term remuneration programme to the CEO of the company.

The announcement of the intended sale of treasury shares, based on
the above mentioned resolution by the Executive Board of SBO, is made
pursuant to Sec 4 and 5 Veröffentlichungsverordnung (Austrian
Publication Directive). The program is scheduled to being executed
from 17 March until 15 April 2017.

All transactions carried out in course of such sale of treasury
shares will be published on the website at www.sbo.at (Investor
Relations - Corporate Governance - Share Buyback/Sale).

Schoeller-Bleckmann Oilfield Equipment AG is the global market leader
in high-precision components and a leading supplier of oilfield
equipment for the oilfield service industry. The business focus is on
non-magnetic drillstring components and high-tech downhole tools for
drilling and completing directional and horizontal wells. As of 31
December 2016, SBO employed a workforce of 1,200 worldwide (31
December 2015: 1,135), thereof 315 in Ternitz/Austria and 544 in
North America (including Mexico).

Further inquiry note:
Andreas Böcskör, Head of Investor Relations
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Tel: +43 2630/315 DW 252, Fax: DW 101
E-Mail: a.boecskoer@sbo.co.at

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: sboe@sbo.co.at
WWW: http://www.sbo.at
sector: Oil & Gas - Upstream activities
ISIN: AT0000946652
indexes: WBI, ATX Prime, ATX
stockmarkets: official market: Wien
language: English

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