EANS-General Meeting: Schoeller-Bleckmann Oilfield Equipment AG / Resolutions of the General Meeting

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24.04.2018

Schoeller-Bleckmann Oilfield Equipment AG: Annual General Meeting resolves
dividend payment of EUR 0.50 per share

Ternitz/Vienna, 24 April 2018. This year's Annual General Meeting of Schoeller-
Bleckmann Oilfield Equipment AG (SBO), listed on the ATX index of the Vienna
Stock Exchange, followed the proposal of the Executive Board and the Supervisory
Board to use the net earnings of MEUR 10.5 reported in the 2017 annual financial
statements for paying a dividend of EUR 0.50 per dividend-bearing share. The
remaining amount will be carried forward to new account. The dividend payment
date was set at 11 May 2018.

The Executive Board and the Supervisory Board were granted discharge for the
2017 financial year by the Annual General Meeting. Furthermore, the Annual
General Meeting again authorised the Executive Board, for a maximum duration of
30 months from the date of adoption of the resolution, to buy back shares of up
to 10 % of the share capital of the company, and to call in or resell own shares
purchased, without requiring another resolution by the Annual General Meeting
and to determine the conditions for selling.

The term of office for Supervisory Board member Dr. Peter Pichler ended at
today's Annual General Meeting. Mag. Sonja Zimmermann was elected as new member
of the Supervisory Board for a period of five years. Remuneration of the members
of the Supervisory Board was adjusted to the standard market level. The
Supervisory Board receives no variable remuneration for the 2017 financial year.

For the current financial year, Ernst & Young Wirtschaftsprüfungsgesellschaft
m.b.H. was appointed auditor of the annual financial statements of the company
and auditor of the consolidated financial statements.

All resolutions of the Annual General Meeting are available in full detail on:
www.sbo.at/hauptversammlung [http://www.sbo.at/hauptversammlung]

SBO is a leading supplier of tools and equipment for directional drilling and
well completion applications and the global market leader in the manufacture of
high-precision components made of non-magnetic steel. The product offering
ranges from complex customer-specific components for the oilfield service
industry to a selection of high-efficiency solutions and products for the oil
and gas industry. As of 31 December 2017, SBO employed a workforce of 1,432
worldwide (31 December 2016: 1,200), thereof 309 in Ternitz / Austria and 764 in
North America (including Mexico).

Further inquiry note:
Andreas Böcskör, 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
ISIN: AT0000946652
indexes: WBI, ATX
stockmarkets: Wien
language: English

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