QSC founders raise shareholdings

The two founder of QSC, a provider ICT and telecoms services to small- and medium-sized enterprises in Germany, have each acquired 1.575 million shares in the Cologne-based company at a price of EUR2.25 (USD3.07) per share over the counter. Following the transaction, Gerd Eickers now holds 12.6% of QSC shares, while Dr. Bernd Schlobohm has increased his shareholding to 12.5%. The pair founded QSC in 1997 and neither has sold a single share since the company went public in 2000. ‘The company is paying an attractive dividend and has set ambitious goals for itself with its Vision 2016,’ commented Schlobohm, adding: ‘I am convinced that the company will be able to raise its revenues to between EUR800 million and EUR1 billion by 2016, while further strengthening its profitability and financial position. This opens up considerable appreciation potential for these shares.’