SQS Software Quality Systems AG Regulatory News (SQS)

19 Dec 2005 15:55

SQS Software Quality Systems AG19 December 2005 SQS Software Quality Systems AG (the "Company") Share Incentive Arrangements In order to retain and incentivise key employees, the two major shareholders,Heinz Bons and Rudolf van Megen, have increased the number of options granted tocertain key employees to purchase Ordinary Shares from them to in aggregate upto approximately 990,000 Ordinary Shares (representing approximately six percent. of the current issued share capital of the Company). The figure includesthe lower figure of 575,000 options referred to in the AIM admission documentdated 14 September 2005. In the event that an employee exercises these options,Mr Bons and Mr van Megen will sell the relevant number of Ordinary Shares tosuch employee under the terms of the option agreement. The exercise period willbe from 1 October 2007 until 30 September 2009. The exercise price will bebetween €0.42 and €2.00 per Ordinary Share; the higher the market price of theOrdinary Shares, the lower will be the exercise price. For the avoidance of doubt, these share incentive arrangements relate toexisting Ordinary Shares only and do not involve the issue of any additional newOrdinary Shares. 19 December 2005 This information is provided by RNS The company news service from the London Stock Exchange