- Intends to offer 440,000 new shares
- Increase in share capital in a ratio of 2.75 to 1
- Expansion of capacity for significant company growth
Munich, February 28, 2020: The fintech company Rubean AG, Munich (ISIN: DE0005120802, WKN: 512080), intends to carry out a capital increase to finance planned significant growth in the mobile payment sector. The aim is to issue 440,000 new shares through a public offering, granting shareholders subscription rights and utilizing authorized capital. If the planned capital measure is fully implemented, RUBEAN AG’s share capital will increase in a ratio of 2.75 to 1 to 1.65 million euros.
In connection with the capital measure, further steps are planned to make RUBEAN AG shares more attractive to the capital market. Some of the existing shareholders have agreed to waive their subscription rights in order to increase the free float through the capital measure. Furthermore, the company aims to switch from the open market segment to the premium segment m:access at the Munich Stock Exchange. A securities prospectus is currently being prepared to facilitate the capital increase. With the new funds, RUBEAN AG plans to expand its capacity to leverage global market opportunities for the jointly developed payment acceptance solution “PhonePOS” with CCV Group BV, Arnhem (NL). The security software has been approved for pilot testing by Mastercard (ISIN: US57636Q1040) and VISA (ISIN: US92826C8394), which will soon be conducted by a leading German financial group.
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 Switzerland. 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 CCV, 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.
