QSC decides to redeem own shares and to reduce the registered capital
Cologne, 9 January 2013. On the basis of the authorization resolution of the General Meeting as of 20 May 2010 under item 5, the Management Board of QSC AG (German Securities ID 513700/ISIN DE0005137004) has resolved with approval of the Supervisory Board of today to reduce the registered capital of the Company by redeeming repurchased, own shares by way of the simplified procedure pursuant to Sec. 71 Para. 1 no. 8 sentence 6 of the German Stock Corporation Act (AktG).
Due to this resolution all 13,626,913 no-par value registered shares with a calculated fraction of the share capital of EUR 1.00 per share which QSC AG is currently holding are redeemed. The Company's registered capital is reduced by EUR 13,626,913.00 from EUR 137,256,877.00 entered into the Commercial Register to EUR 123,626,964.00 by redemption of the own shares. The calculated fraction of the share capital of EUR 1.00 per share of the issued shares remains the same. QSC AG expects that the redemption and the reduction of the registered capital will presumably become effective on 11 January 2013.
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