- Contract between Rubean AG's partner company and a German financial group finalized
- Increase in share capital in a ratio of ten to one at five euros per share
Munich, July 4, 2019: Rubean AG, Munich (ISIN: DE0005120802, WKN: 512080) announces that, in implementation of the pre-contract mentioned in the ad hoc notification of June 4, 2019, the main contract has now been concluded 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.
In order to finance further growth, Rubean AG intends to carry out a capital increase in cash. With the approval of the supervisory board, the management board has decided to increase the share capital of the company, utilizing the existing authorized capital, in a ratio of ten to one by 110,000 euros to 1.21 million euros. The new 110,000 shares, registered to the holder, will be issued in a private placement at an issue price of 5.00 euros per share. Shareholders’ subscription rights are excluded. The company expects a liquidity inflow of 0.55 million euros from the capital measure.
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.
