SQS Software Quality Systems AG Regulatory News (SQS)

20 Feb 2008 18:28

SQS Software Quality Systems AG20 February 2008 SQS Software Quality Systems AG 20 February 2008 SQS Software Quality Systems AG ("SQS" or the 'Company') Conversion of Securities Software Quality Systems AG, the global leader in independent software testingand quality management services, today announces that Gresham Computing plc("Gresham") is exercising its conversion rights over its convertible bonds into SQS Ordinary Shares. The Company's admission document and the annual report for the year ended 31December 2006 detail Gresham's holding of 52,800 convertible bonds with anominal value of €1 each. These convertible bonds date back to the first UKacquisition SQS made in 2001. Gresham informed the Company on the 21 December 2007 of its intention toexercise its conversion rights at the issue price of £1.90 per share (the issueprice at the IPO in 2005 agreed with Gresham before the IPO). Consideration of €140,047 has been paid to the Company for the conversion of the bonds into52,800 Ordinary Shares. These shares will be eligible for dividends with effectfrom 1 January 2008. Application will be made for the new Ordinary Shares to be admitted to tradingon AIM. Following admission of the issue, SQS will have 21,599,109 Ordinary Shares inissue. For further information please contact: SQS Software Quality Systems AG www.sqs.de or www.sqs-uk.comRudolf van Megen (CEO) / Rene Gawron (CFO) +49 (2203) 91 54 50 Altium 020 7484 4040Nick Tulloch / Penny Ladkin College Hill 020 7457 2020Sara Musgrave/Ben Way 20 February 2008 This information is provided by RNS The company news service from the London Stock Exchange