DGAP-Adhoc: SQS Software Quality Systems AG: Threshold for Compulsory Acquisition Proceeding Reached

DGAP-Ad-hoc: SQS Software Quality Systems AG / Key word(s): Squeeze Out 
SQS Software Quality Systems AG: Threshold for Compulsory Acquisition 
Proceeding Reached 
 
05-Feb-2018 / 07:59 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR, transmitted by 
DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
*Disclosure of inside information pursuant to Art. 17 * 
*of the EU Market Abuse Regulation (EU 596/2014, MAR)* 
 
*5 February 2018* 
 
*SQS Software Quality Systems AG ("SQS")* 
 
*Threshold for Compulsory Acquisition Proceeding Reached* 
*Closure of Offer* 
 
*Introduction* 
 
Today, Assystem Services Deutschland GmbH informed SQS that it has received 
valid acceptances in respect of 96.16 per cent. of the shares/depositary 
interests in SQS and intends to initiate a compulsory acquisition proceeding 
pursuant to Sections 327a ff. of the German Stock Corporation Act 
(Aktiengesetz). The Offer will be closed on 19 February 2018. 
 
*Intention to initiate Squeeze-Out * 
 
Assystem Services Deutschland GmbH (formerly: Weilchensee 884. V V GmbH) 
(the "Bidder") has received valid acceptances in respect of a total of 
31,185,195 SQS Shares, representing, in aggregate, approximately 96.16 per 
cent. in nominal capital of the SQS Shares and of the voting rights normally 
exercisable at a general meeting of SQS. The acceptances come in light of 
the recommended voluntary public cash offer for an acquisition of 100% of 
the shares in SQS and the depositary interests representing such shares for 
825 UK pence per share/depositary interest (the "Offer") as set out in the 
offer document, which was published on 18 December 2017 by the Bidder (the 
"Offer Document"). The Bidder has given notice that the offer will remain 
open for acceptance until 1.00 p.m. (London time) on 19 February 2018. 
 
Accordingly, as already indicated in the Offer Document, the Bidder today 
informed SQS of its intention to initiate after closure of the Offer on 19 
February 2018 and following completion of any preparatory steps as may be 
required, a compulsory acquisition proceeding pursuant to Sections 327a ff. 
of the German Stock Corporation Act (Aktiengesetz) to acquire compulsorily, 
with cash compensation comparable to the Offer price, the remaining SQS 
Shares in respect of which the Offer has not at such time been accepted. 
 
*SQS SHAREHOLDERS SHOULD CONSIDER THAT THE CASH COMPENSATION PAYABLE FOR 
EACH SQS SHARE IN THIS CASE MIGHT BE EQUAL TO, HIGHER THAN OR LOWER THAN THE 
OFFER PRICE.* 
 
Further details of the terms and conditions of the Offer are published on 
the internet on https://www.sqs.com/en/offer.php. 
 
Further announcements will be made when appropriate. 
 
*For further information, please contact:* 
 
Diederik Vos, Chief Executive Officer of       Tel. [phone] 
SQS                                                       9154-0 
René Gawron, Chief Financial Officer of 
SQS 
 
05-Feb-2018 CET/CEST The DGAP Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language: English 
Company:  SQS Software Quality Systems AG 
          Stollwerckstraße 11 
          51149 Köln 
          Germany 
Phone:    [phone] 
Fax:      [phone] 
E-mail:   [e-mail] 
Internet: www.sqs.de 
ISIN:     DE0005493514 
WKN:      549351 
Listed:   Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, 
          Stuttgart, Tradegate Exchange; London 
 
End of Announcement DGAP News Service 
 
651145 05-Feb-2018 CET/CEST 
 
 

(END) Dow Jones Newswires

February 05, 2018 01:59 ET (06:59 GMT)