Regulatory
Announcement
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RNS Number:9826D
SQS Software Quality Systems AG
02 June 2006
SQS Software Quality Systems AG
Result of AGM
SQS Software Quality Systems AG (AIM:SQS.L) the leading independent pan-European provider of quality management and testing services for software development, announces that all the ordinary resolutions and three special tabled resolutions (5,6,7) were duly passed at its AGM, held earlier today.
For further information please contact:
| SQS Software Quality Systems AG | www.sqs.de or www.sqs-uk.com | |
| Rudolf van Megen (CEO)/Rene Gawron (CFO) | +49 (2203) 91 54 0 | |
| Evolution Securities Limited | 020 7071 4300 | |
| Jeremy Ellis/Mike Read | ||
| Smithfield | 020 7360 4900 | |
| Sara Musgrave |
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Notes to Editors
SQS is the leading independent pan-European provider of quality management and
testing services for software development. Headquartered in Cologne, Germany,
SQS has over 700 employees with operations across the world including UK,
Netherlands, Switzerland, Austria, Ireland and South Africa. SQS also has a
minor stake in an operation in Portugal and a partnership operation in Spain.
In May 2006, SQS made its first acquisition since joining AIM in September 2005,
buying Cresta Group Ltd in the UK for a consideration of up to £18m. The
acquisition increased SQS's UK revenue three fold and secured SQS's position as
the largest independent software testing and quality management company in the
UK. The acquisition is expected to be earnings enhancing in the current
financial year.
With over 3,000 completed projects under its belt, SQS has a strong customer base including half of the DAX 30 companies and 30% of the STOXX-50. They include names like Dresdner Bank, Lloyds TSB, Deutsche Telekom, Vodafone, Daimler Chrysler, and Airbus spread across the full range of industries. SQS is the first German company to have a primary listing on AIM, completing its IPO on 20 September 2005 raising £10.8m before expenses at an issue price of 190p. SQS is included in the Software and Computer Services sector (9530) within the Computer Services subsector (9533) and has a RIC code of SQS.L. SQS completed a secondary listing on the Deutsche Boerse in Frankfurt on 2nd December 2005. For further information, please visit www.sqs-uk.com.
This information is provided by
RNS
The company news service from the London Stock Exchange
END