Munich, July 12, 2019. Rubean AG (ISIN: DE0005120802, WKN: 512080) has decided to initially carry out the cash capital increase announced by the company in an ad hoc notification on July 4, 2019, in the amount of 74,000 euros, and to carry out the remaining portion at a later date. The 74,000 new shares registered to the holder have already been subscribed by the main shareholder at an issue price of 5.00 euros per share, who subsequently sold them to pre-selected investors at the same price as agreed. As a result, the company has received liquid funds of 0.37 million euros, which it will invest in the expected growth.
Rubean AG had announced the conclusion of a main contract between Rubean AG’s partner company and a German financial group. As a result, the management board expects a high demand in the medium term for the security software developed by Rubean AG, which has already been patented and is used in the mobile payment sector.
About Rubean:
Rubean AG is an established software manufacturer in the financial sector for over 20 years. The company provides software solutions for seamless communication with peripheral devices in bank branches in Germany and Austria. Rubean is now growing with the development of innovative solutions for mobile payments. This includes the mobile point-of-sale terminal solution PhonePOS, which was developed in collaboration with a partner company, and the patented RubeanTag technology, which connects not only Android smartphones but also iPhones to contactless payment and customer loyalty programs. Rubean has been listed on the Munich Stock Exchange since 2016.
