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Last checked at 
27 Aug 2013 16:59
For immediate release 27 August 2013
SQS Software Quality Systems AG
("SQS" or the "Company")
Result of EGM and Supervisory Board Changes
SQS Software Quality Systems AG (AIM:SQS.L), the world's largest supplier of independent software testing and quality management services, is pleased to announce that all resolutions proposed at its Extraordinary General Meeting ("EGM"), held earlier today, were duly passed.
As previously disclosed in the Company's EGM Notice, the resolutions at the EGM included a resolution to elect two new members to the Supervisory Board. As such, the Company is pleased to announce that David Bellin and Heinrich ("Heinz") Herman Bons will shortly join the Supervisory Board, which is being expanded to prepare for the Company's future growth.
These changes to the Supervisory Board will become effective once the local court posts them to the commercial register. This is expected to occur in approximately 2 weeks and a further announcement will be made in due course once these changes have become effective.
The information required in connection with Schedule 2, paragraph (g) of the AIM Rules is included in the appendix below.
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 Broker | Tel: +44 (0) 20 7523 8000 |
Simon Bridges / Peter Stewart / Cameron Duncan | |
Westhouse Securities - Joint Broker |
Tel: +44 (0) 20 7601 6100 |
Antonio Bossi / Paul Gillam | |
Walbrook PR Limited Bob Huxford / Helen Westaway |
Tel: +44 (0) 20 7933 8780
|
Appendix
David William Bellin (aged 62) is currently a director of European Media Communications Limited. Previous directorships within the last five years include Racing UK Limited and Timeline Television Racing Limited. Mr Bellin resigned from both of these directorships in April 2013.
Heinrich ("Heinz") Herman Bons (aged 64) is beneficially interested in a total of 3,788,316 ordinary shares in the Company, representing approximately 13.6% of the Company's issued share capital.
Mr Bellin and Mr Bons have confirmed that there are no other matters to be disclosed in relation to Schedule 2, paragraph (g) of the AIM Rules.
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, high offshore automation processes and deep domain knowledge in various industries. Headquartered in Cologne, Germany, the company employs approximately 2,400 staff. SQS has offices in Germany, the UK, Egypt, Finland, France, India, Ireland, the Netherlands, Norway, Austria, Sweden, Switzerland, South Africa and the US. In addition, SQS maintains a minority stake in a company in Portugal. In 2012, SQS generated revenues of 210.1 million Euros.
SQS is the first German company to have a primary listing on the AIM (Alternative Investment Market) in London. In addition, SQS shares are also traded on the German Stock Exchange in Frankfurt am Main.
With over 7,000 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, Beazley, BP, Centrica, Daimler, Deutsche Post, Generali, JP Morgan, Meteor, Reuters and Volkswagen as well as companies from our six key focus industries.
For more information, see sqs.com
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