OREANDA-NEWS. SQS announces that it received notification on 13 June 2016 that David Bellin, Chairman of its Supervisory Board, transferred his entire holding of 49% in European Media Communications Ltd ("EMC"), the company through which part of his interest in SQS shares is held, to his wife for no consideration on 9 February 2016. Subsequently, on 17 February 2016, Mrs Bellin transferred shares representing approximately 12% of EMC to their adult daughter, again at nil consideration.

As a result of these transactions, the number of shares which Mr. Bellin owns or is directly interested in reduced from 5,800 Ordinary shares to approximately 5,272 Ordinary Shares, representing 0.004% of the issued share capital of the Company. 

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, offshore automation processes and deep domain knowledge in various industries. Headquartered in Cologne, Germany, the company now employs approximately 4,600 staff. SQS has offices in Germany, UK, US, Australia, Austria, Egypt, Finland, France, India, Ireland, Italy, Malaysia, the Netherlands, Norway, Singapore, South Africa, Sweden, Switzerland and UAE. In addition, SQS maintains a minority stake in a company in Portugal. In 2015, SQS has generated revenues of €320.7 million.

SQS is the first German company to have a primary listing on AIM, a market operated by the London Stock Exchange. In addition, SQS shares are also traded on the German Stock Exchange in Frankfurt am Main.