SQS Software Quality Systems AG Issue of Equity and Director's Dealing (8080O)

TIDMSQS

RNS Number : 8080O

SQS Software Quality Systems AG

24 September 2013

SQS Software Quality Systems AG ("SQS" or the 'Company')

Issue of Equity and Director's Dealing

SQS, the global leader in independent software testing and quality management services, has today issued 50,883 new SQS ordinary EUR1 shares (the "New Ordinary Shares") to employees of the Company pursuant to exercise of options on 18 September 2013 under the Stock Option Plan 2006.

The New Ordinary Shares have been purchased at an exercise price of EUR3.95 per share and the Company received, in aggregate, EUR200,987.95 in cash consideration.

Of these 50,883 New Ordinary Shares, Matthias Baunach, one of the employee representatives on the Supervisory Board, exercised 242 options at an exercise price of EUR3.95 per share. Following this exercise, Mr Baunach is interested in a total of 242 Ordinary Shares, representing approximately 0.001% of the Company's issued share capital.

These New Ordinary Shares are to be transferred into depositary interests before they can be admitted to trading on AIM. This process is currently being completed and the Company expects to make an application for the New Ordinary Shares to be admitted to trading on AIM ("Admission") in due course. The Company will make a further announcement when the dealings in these New Ordinary Shares have commenced.

Following Admission, SQS will have 27,944,172 Ordinary Shares in issue.

For further information please contact:

 
 SQS Software Quality Systems AG                             Tel: +49 (2203) 91 54 0 
 Diederik Vos, Chief Executive Officer 
 René Gawron, Chief Financial 
  Officer 
 
 Canaccord Genuity - Nomad and Joint                        Tel: +44 (0) 20 7523 8000 
  Broker 
 Simon Bridges / Peter Stewart / Cameron 
  Duncan 
 
   Westhouse Securities - Joint Broker                       Tel: +44 (0) 20 7601 6100 
 Antonio Bossi / Paul Gillam 
 
   Walbrook PR Limited                                         Tel: +44 (0) 20 7933 8780 
   Bob Huxford / Helen Westaway

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCPGUMABUPWGQC

-1x Square (LSE:SQS)
Historical Stock Chart
From Jun 2024 to Jul 2024