- Subscription ratio 11:2, issue price of 7.00 euros per new share
Munich, May 19, 2023: The Management Board of Rubean AG, Munich (ISIN: DE0005120802, WKN: 512080), today, with the approval of the Supervisory Board, decided to increase the company’s share capital by up to EUR 532,750.00 to a maximum of EUR 3,521,250.00 through a cash capital increase, partially utilizing the Authorized Capital 2022/I of EUR 2,988,500.00, by issuing up to 532,750 new registered shares (“New Shares”) with subscription rights for the shareholders. The New Shares are entitled to profit share from January 1, 2022. The subscription price per New Share has been set at EUR 7.00 (“Subscription Price”).
The New Shares are to be offered to the shareholders of the Company through an indirect subscription right at a subscription ratio of 11:2 (i.e., 11 old shares entitle the holder to subscribe for two New Shares) at the Subscription Price (indirect subscription right). The subscription period is expected to commence on May 25, 2023, and end on June 7, 2023 (inclusive).
The subscription offer is made without a prospectus in accordance with Section 3 paragraph 2 of the Securities Prospectus Act (“WpPG”). A securities information sheet prepared in accordance with Section 4 of the WpPG is expected to be published on May 23, 2023. There is no planned trading of subscription rights on the stock exchange. New Shares not subscribed for by the shareholders during the subscription period may be offered for purchase by selected investors by the Management Board, also in parallel to the subscription offer, through a private placement (non-public offering) at the Subscription Price.
The subscription offer is expected to be published in the Federal Gazette on May 24, 2023, and will be accompanied by Bankhaus Gebr. Martin Aktiengesellschaft, based in Göppingen, in terms of securities services.
The Company intends to use 100 percent of the proceeds from the capital increase for the further development of the Phone-POS solution and expansion of sales to additional international markets.
About Rubean:
Rubean AG is a leading provider of pure software point-of-sale solutions for banks, acquirers, and merchants. In its long history, Rubean has developed innovative software for the payments, finance, and banking industry. This includes the mobile POS solution Phone-POS, which allows merchants to accept card payments directly on their smartphones without the need for additional devices. This solution is now being used by payment service providers, major banks, retail companies, and smaller merchants throughout Europe, following the completion of the pilot phase for product launch. In addition to its headquarters in Munich, Rubean has multiple locations in Germany and Europe. Rubean is listed on the m:access segment as well as on most over-the-counter markets and on XETRA.
