SQS Software Quality Systems AG Regulatory News (SQS)

29 Dec 2009 08:34

SQS Software Quality Systems AG

29 December 2009

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

Issue of Equity

SQS, the global leader in independent software testing and quality management services, has today issued 57,045 new SQS ordinary €1 shares (the "New Ordinary Shares") to employees of the Company pursuant to an employee share purchase programme approved at the Company's AGM in May 2009. 

The New Ordinary Shares were purchased at a price of €1.62 per share and the Company received, in aggregate, €92,412.90 in cash consideration.

The New Ordinary Shares are subject to lock-in provisions for two years from 23 December 2009.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence on 5 January 2010. 

Following Admission, SQS will have 27,263,419 Ordinary Shares in issue. 

For further information please contact:

29 December 2009