Announcement of a resolution for the sale of treasury shares
In compliance with the resolution passed by the Annual General Meeting on 28 April 2022, the Executive Board of SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft (“SBO“) with its seat in Ternitz has decided, to make use of the authorization to sell treasury shares. Accordingly, treasury shares can be sold in a different way than via the stock exchange or a public offer.
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).
All transactions carried out in course of such sale of treasury shares will be published on the website at www.sbo.at/buyback.
The present announcement represents no offer for the acquisition of SBO shares whatsoever.
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1.
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Date of resolution by the Annual General Meeting:
28 April 2022
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2.
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Date and type of disclosure of the resolution by the Annual General Meeting:
On 28 April 2022 pursuant to Sec 2 and 3 Veröffentlichungsverordnung (Austrian Publication Directive) in connection with Sec 119 (7) BoerseG (Austrian Stock Exchange Act) via an information system with European-wide dissemination and on the SBO website (www.sbo.at). |
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3.
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Begin and expected duration of the sale of treasury shares:
From 29 November 2023 to 6 December 2023
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4.
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Share category:
Common bearer shares with a par-value of each EUR 1,00
(ISIN: AT0000946652).
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5.
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Intended volume of treasury shares to be sold, each in proportion to the entire share capital:
30,000 shares representing 0.1875 % of the share capital. Allocation of shares in course of a voluntary severance benefit in an over-the-counter transaction.
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6.
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Highest and lowest value per share to be received:
None, because allocation in course of a voluntary severance benefit.
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7.
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Type and purpose of the sale of treasury shares:
The treasury shares are allocated in course of a voluntary severance benefit. |
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8.
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Possible effects of the share reacquisition program on the admission of the Company shares to official trading on the stock exchange:
None
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9.
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Amount and allocation of share options to be granted or which have already been granted to employees, senior managers and individual board members:
None. Neither the Company nor its affiliated companies currently have a share option program in place in the sense of Sec 65 (1b) last sentence AktG (Austrian Stock Corporation Act).
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Ternitz, on 23 November 2023 The Executive Board
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