Schoeller-Bleckmann Oilfield Equipment AG: General Meeting approves dividend increase and appoints Supervisory Board
Ternitz, 19 April 2007. The 2007 Annual General Meeting of Schoeller-Bleckmann Oilfield Equipment AG has adopted today the increase of the dividend for the business year 2006 amounting to 50 Eurocent plus 30 Eurocent bonus, in total 80 Eurocents per share (following 50 Eurocents for 2005).
Furthermore, Norbert Zimmermann, Helmut Langanger, Peter Pichler, Karl Samstag and Karl Schleinzer were appointed as members of the Supervisory Board for another period of five years. Their seats were expired. In the subsequent constitutive Supervisory Board meeting Norbert Zimmermann was appointed Chairman and Peter Pichler Deputy Chairman of the Supervisory Board.
All other items on the agenda were also resolved as per the existing proposals.
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. SBO employs a workforce of 1086 worldwide (31 December 2005: 913), 297 at Ternitz/Austria and 558 in North America (including Mexico).
Further inquiry note:
Gerald Grohmann, Chief Executive Officer
Schoeller-Bleckmann Oilfield Equipment AG
A-2630 Ternitz, Hauptstraße 2
Tel: +43 2630/315 DW 110, fax: ext 101
E-mail: sboe@sbo.co.at
Mick Stempel, Hochegger|Financials
Tel: +43 1/504 69 87 ext 85
E-mail: m.stempel@hochegger.com
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