SQS Software Quality Systems AG Director's Dealing (0687B)

TIDMSQS

RNS Number : 0687B

SQS Software Quality Systems AG

14 June 2016

SQS Software Quality Systems AG

("SQS" or the "Company")

14 June 2016

Director's Dealing

The Company announces that it received notification on 13 June 2016 that David Bellin, Chairman of its Supervisory Board, transferred his entire holding of 49% in European Media Communications Ltd ("EMC"), the company through which part of his interest in SQS shares is held, to his wife for no consideration on 9 February 2016. Subsequently, on 17 February 2016, Mrs Bellin transferred shares representing approximately 12% of EMC to their adult daughter, again at nil consideration.

As a result of these transactions, the number of shares which Mr. Bellin owns or is directly interested in reduced from 5,800 Ordinary shares to approximately 5,272 Ordinary Shares, representing 0.004% of the issued share capital of the Company.

Enquiries:

 
SQS Software Quality Systems AG       Via FTI Consulting 
Diederik Vos, Chief Executive 
 Officer 
Rene Gawron, Chief Financial Officer 
Numis Securities - Nomad and Joint    Tel +44 (0) 20 
 Broker                                7260 1000 
Simon Willis / Jamie Lillywhite 
 / Mark Lander 
 
Stockdale Securities - Joint Broker   Tel. +44 (0) 20 
                                       7601 6100 
Robert Finlay / Antonio Bossi 
FTI - Financial Media and Investor    Tel. +44 (0)20 
 Relations                             3727 1137 
Matt Dixon / Dwight Burden             sqs@fticonsulting.com

About SQS

SQS is the world's leading specialist in software quality. This position stems from over 30 years of successful consultancy operations. SQS consultants provide solutions for all aspects of quality throughout the whole software product lifecycle driven by a standardised methodology, offshore automation processes and deep domain knowledge in various industries. Headquartered in Cologne, Germany, the company now employs approximately 4,600 staff. SQS has offices in Germany, UK, US, Australia, Austria, Egypt, Finland, France, India, Ireland, Italy, Malaysia, the Netherlands, Norway, Singapore, South Africa, Sweden, Switzerland and UAE. In addition, SQS maintains a minority stake in a company in Portugal. In 2015, SQS has generated revenues of EUR320.7 million.

SQS is the first German company to have a primary listing on AIM, a market operated by the London Stock Exchange. In addition, SQS shares are also traded on the German Stock Exchange in Frankfurt am Main.

With over 10,000 completed projects under its belt, SQS has a strong client base, including half of the DAX 30, nearly a third of the STOXX 50 and 20 per cent of the FTSE 100 companies. These include, among others, Allianz, BP, Commerzbank, Daimler, Deutsche Post, Generali, Meteor, UBS and Volkswagen as well as other companies from the six key industries on which SQS is focused.

For more information, see www.sqs.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 14, 2016 02:01 ET (06:01 GMT)

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