Key Developments: SQS Software Quality Systems AG (SQS.L)

SQS.L on London Stock Exchange

530.00GBp
11 Jul 2014
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0.00p (+0.00%)
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Latest Key Developments (Source: Significant Developments)

SQS Software Quality Systems AG announces dividend timetable
Thursday, 29 May 2014 02:00am EDT 

SQS Software Quality Systems AG:Says record date for final results announcement on March 5,2014 will be May 23.Ex-dividend date May 30.Payment date May 30.  Full Article

SQS Software Quality Systems completes acquisition of majority stake in Thinksoft
Thursday, 3 Apr 2014 10:03am EDT 

SQS Software Quality Systems AG:Completes acquisition of 53.35 per cent share capital of Thinksoft.  Full Article

SQS Software Quality Systems AG declares full year dividend
Wednesday, 5 Mar 2014 02:00am EST 

SQS Software Quality Systems AG:Says it will pay a dividend for the full year of 0.09 euro per share (2012: 0.07 euro).The dividend is to be paid following the AGM, on May 30.  Full Article

SQS Software Quality Systems AG updates on Thinksoft acquisition
Wednesday, 29 Jan 2014 02:00am EST 

SQS Software Quality Systems AG:Says that, as of Jan. 1, Thinksoft has been fully consolidated into the accounts of the company, on the basis that SQS had acquired a majority control of the board as at Dec. 31, 2013.Says the tender offer process, which requires approval prior to launch from the Securities and Exchange Board of India, is expected to launch in Feb and, consequently, the company expects to acquire the additional tender offer shares in Mar.  Full Article

SQS Software Quality Systems AG updates on Thinksoft Acquisition
Tuesday, 31 Dec 2013 02:00am EST 

SQS Software Quality Systems AG:Says that first closing of the acquisition of Thinksoft Global Services Limited has now occurred and, consequently, SQS has acquired 26% of the issued share capital of Thinksoft.Says the tender offer for the remaining Thinksoft shares to be acquired will commence in early Jan. 2014 and the tender period will last 10 business days.Says the acquisition of shares in Thinksoft is on plan to complete in Feb. 2014.  Full Article

SQS Software Quality Systems AG Announces Acquisition And Placing
Friday, 8 Nov 2013 02:00am EST 

SQS Software Quality Systems AG announced that it has conditionally raised approximately £11.4 million (before expenses) by way of a placing by Canaccord Genuity Limited and Westhouse Securities Limited, with institutional investors of 2,618,507 new ordinary shares of €1 each, at a price of 435 pence per share. The Placing saw demand from institutional investors and was significantly oversubscribed. The Company intends to use the net proceeds of the Placing to part finance the acquisition of up to 52.9% of the fully diluted* share capital of Thinksoft, at a price of INR 260 per Thinksoft share amounting to a total cash consideration of up to €17.5 million. The balance of the consideration will be financed through the Company's existing resources. The Offer Price represents a premium of approximately 68% to the closing share price of a Thinksoft share on 6 November 2013. The Company intends to acquire 24.5% of Thinksoft, on a fully diluted basis, from the founding shareholders (the "Founders") pursuant to the terms of an acquisition agreement and a further 28.3%, on a fully diluted basis, through a tender offer to public shareholders of Thinksoft on the BSE and the NSE (the "Tender Offer").  Full Article

SQS Software Quality Systems AG Announces Ownership Interest Of J O Hambro Capital Management Group Limited
Tuesday, 15 Oct 2013 05:16am EDT 

SQS Software Quality Systems AG announced that J O Hambro Capital Management Group Limited has a holding interest of 1,225,000 ordinary shares representing 4.38% of issued share capital of the Company.  Full Article

SQS Software Quality Systems AG Announces Dividend
Wednesday, 6 Mar 2013 02:00am EST 

SQS Software Quality Systems AG announced that it will pay a dividend for the full year of EUR0.07 per share (2011: EUR0.05). The dividend will be paid following the AGM on May 29, 2013.  Full Article

SQS Software Quality Systems AG Comments On FY 2012 Guidance
Thursday, 17 Jan 2013 02:00am EST 

SQS Software Quality Systems AG announced that for fiscal 2012, it expects revenues to be slightly ahead of consensus forecasts owing predominantly to a higher share of services delivered by contractors to assure delivery of peak demand during the year, which is typically lower margin business. Adjusted PBT is expected to be below consensus as it saw some of the larger Managed Services clients electing to suspend their extended engagements for a period prior to the end of fiscal 2012 in order to contain their expenditures for the year. This was possible as, despite Managed Services business being contracted up-front, these clients had already significantly exceeded their minimum contracted spending commitments. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of GBP202.62 million for fiscal 2012.  Full Article

SQS Software Quality Systems AG Announces Contract Win And Contract Extensions
Tuesday, 8 Jan 2013 02:00am EST 

SQS Software Quality Systems AG announced that the Company has been awarded a number of Managed Services contracts and contract extensions/renewals worth a total of EUR64 million over the next three years, including its contract win and contract extension. SQS has signed its contract, worth at least EUR25 million over the next three years, with an existing client in the automotive sector. The contract is to provide Managed Services and Specialist Services to the client, where previously SQS had provided traditional testing services only. The Company has also been awarded contract extension, worth EUR24 million. This is to provide Managed Services to a tier-1 European bank over the next two years. In addition, SQS has won a contract renewal, worth a further EUR15 million in fees over the next year. This is also to provide Managed Services to a tier-1 global bank.  Full Article

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