Schoeller-Bleckmann Oilfield Equipment AG Announces Dividend Decision in Annual General Meeting
During the recent Annual General Meeting, Schoeller-Bleckmann Oilfield Equipment AG (SBO), a premier entity listed on the Vienna Stock Exchange’s ATX, was granted approval by its shareholders to distribute dividends at the rate of EUR 2.00 per share. This decision marks the second successive year that such a dividend has been declared, reaffirming the company’s strong financial health and commitment to shareholder value.
The decision to allocate the retained earnings of MEUR 47.2 from the financial year of 2023 for dividend payments was followed by an agreement to carry forward the balance. Notably, shareholders have been informed of the dividend payment date, scheduled for 08 May 2024.
In additional resolutions, the Annual General Meeting endorsed the actions of both the Executive and Supervisory Boards for the fiscal year 2023. The remuneration report was adopted, and the remuneration policy for the Supervisory Board received approval. A significant empowerment granted to the Executive Board was the authorization to buy back up to 10% of the company’s share capital over a maximum duration of 30 months, at their discretion. This flexibility extends to the selling or calling in of these shares without needing further approval from the General Meeting.
Furthermore, the meeting saw the passage of a proactive resolution allowing for the issuance of new shares, up to a maximum of 10% of the existing share capital, over the next five years.
The assembly also witnessed changes and reappointments within the Supervisory Board. Brigitte Ederer was reappointed for another term following the conclusion of her current mandate at this General Meeting. Meanwhile, the board welcomed Simon Eyers, an established expert in the international energy sector, on a four-year term, taking over from Helmut Langanger.
For the upcoming financial year, KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft has been appointed as the auditor for the company’s financial statements and consolidated financial statements. Additionally, should it be mandated for the 2024 fiscal year, KPMG will also undertake the sustainability report audit.
SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG stands as a global leader in the production of high-alloy, non-magnetic steels and is renowned for its precision manufacturing of special components for various industries, including oil, gas, and geothermal, employing innovative and additive manufacturing technologies. With its strategic focus towards contributing to the energy transition, SBO encapsulates its goals within the ambitious Strategy 2030. This initiative underscores the enterprise’s commitment to sustainable management practices and outlines its trajectory towards future endeavors in alignment with environmental, social, and corporate governance (ESG) principles.
Headquartered in Ternitz, Austria, and boasting a global footprint with approximately 1,600 employees, SBO consolidates its position in niche markets through technological leadership and innovative solutions geared towards the oil, gas, and geothermal industries.
This latest Annual General Meeting and its resolutions further highlight Schoeller-Bleckmann Oilfield Equipment AG’s robust financial standing, strategic direction, and dedication to enriching shareholder value, positioning the company for sustained success and growth in the evolving energy sector landscape.
