Ternitz/Vienna, 27 April 2017. This year's Annual General Meeting of Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX index of the Vienna Stock Exchange, granted the Executive Board and the Supervisory Board discharge for fiscal 2016.

 

Mag. Norbert Zimmermann, whose Supervisory Board mandate ended at this year's Annual General Meeting, was re-elected as member of the Supervisory Board for a period of five years.

 

The Annual General Meeting followed the proposal of the Executive Board to carry forward in full to new account the earnings reported in the annual financial statements.

 

For the current fiscal year, Deloitte Schwarz & Schmid Wirtschaftsprüfungs GmbH was appointed as auditor of the annual financial statements of the company, and Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H. was appointed as auditor of the consolidated financial statements.

 

All resolutions of the Annual General Meeting are available for review at: www.sbo.at/hauptversammlung

 

SBO is the global market leader in high-precision components made of high-alloy steel and a leading supplier of key components 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

Phone: +43 2630/315 ext 252, fax ext 101

e-mail: a.boecskoer@sbo.co.at