SQS Software Quality Systems AG Regulatory News (SQS)

15 August 2017

SQS Software Quality Systems AG

("SQS" or "the Company")

Additional Listing

The Company announces that shares, which form part of the consideration relating to the acquisition of Trissential LLC on 4 June 2015 ("Consideration Shares"), comprising 330,360 new ordinary shares of €1 each, have been issued and application has been made for the Consideration Shares to be admitted to trading on AIM. The Consideration Shares will rank pari passu with the existing Ordinary Shares. It is expected that admission will take place at 8.00 a.m. on 16 August 2017 ("Admission").

Following Admission, the total issued share capital of the Company will be 32,005,977 Ordinary Shares. The Company holds no Ordinary Shares in treasury. Therefore, the total number of voting rights in SQS will be 32,005,977. The above figure of 32,005,977 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, SQS under the Financial Conduct Authority's Disclosure and Transparency Rules.

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About SQS

SQS is the leading global provider of quality assurance services for digital business processes. 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, industrialised automation processes and deep domain knowledge in various industries. Headquartered in Cologne, Germany, the company now employs approximately 4,400 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 2016, SQS generated revenues of €327.1 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 EURO STOXX 50 and 20 per cent of the FTSE 100 companies.