- Increased transparency level, improved trading
- Public offering of up to 440,000 new shares for 5.00 euros per share
- Financing the growth of PhonePOS(TM)
- Megatrend of contactless payment
May 5, 2020 – Munich: The shares of the fintech company RUBEAN AG, Munich (ISIN: DE0005120802, WKN: 512080), have been admitted to trading on the m:access segment of Bayerische Börse AG, Munich. RUBEAN aims to increase transparency for investors and improve the tradability of its own shares. The application for admission to m:access was accompanied by the emission expert Small & Mid Cap Investmentbank AG, Munich.
The admission to m:access is also related to the current ongoing cash capital increase, in which existing shareholders (as of April 30, 2020) can subscribe for up to 440,000 shares at a price of 5.00 euros per share in a ratio of 2.75 to 1 from May 4 to May 18, 2020. After that, the commissioned Small & Mid Cap Investmentbank AG is expected to arrange a private placement of the shares not subscribed until May 27, 2020. With the complete implementation of the capital measure, the share capital of RUBEAN AG will increase to 1.65 million euros.
With the funds raised, RUBEAN will expand its capacities to seize the major market opportunities for cashless payment together with its partner company, CCV Group BV, Arnhem (NL), and introduce the jointly developed and patented payment acceptance solution PhonePOS(TM) into the market. PhonePOS(TM) is a mobile app for small retailers and merchants that enables contactless card payments to be accepted on smartphones or tablets without the need for an additional card reader.
The solution has already been approved by the two leading global card organizations Mastercard and VISA for pilot projects. A leading German financial group plans to start piloting the new point-of-sale terminal in the form of a mobile app in June this year. RUBEAN is also in negotiations with other banks throughout Europe for piloting the innovative payment acceptance solution.
About Rubean:
RUBEAN AG is an established software manufacturer in the financial sector with 20 years of experience. The company offers software solutions for smooth communication with peripheral devices in bank branches in Germany and Switzerland. Rubean is now growing with the development of innovative solutions for mobile payment. 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’s free market since 2016.
About m:access:
The m:access segment, initiated by the Munich Stock Exchange in 2005, is the stock exchange for medium-sized companies in the DACH region. It offers SMEs a straightforward, cost-effective, and uncomplicated path to the capital market. The companies from the sectors of investments, consumer/leisure, financial services, real estate, software/IT, and technology employ a total of more than 30,000 people. Since October, there has been a separate index of listed companies called m:access-all-share.
