- Major shareholder has fully subscribed
- Issuance of 40,000 new shares
- Funds are intended for the market launch of RubeanPay
- Unique, patented solution for mobile and online payments
Munich, November 11, 2016: RUBEAN AG, Munich, (ISIN: DE0005120802, WKN: 512080) has received funds for the market launch of its new and unique, patented software RubeanPay. Today, the management board, with the approval of the supervisory board, decided to increase the existing statutory share capital of the company from 1.02 million euros, partly using authorized capital, by issuing 40,000 new shares with a proportionate amount of share capital of 1.00 euro per share to 1.06 million euros. The subscription right of the shareholders was excluded. The new shares were placed with a major shareholder at a price of 7.60 euros per share in cash, so the capital increase has already been successfully completed.
RUBEAN expects strong company growth from the distribution of its new and particularly innovative software solution RubeanPay. It is a unique solution for mobile and online payments, which is already patented and meets the highest security requirements while providing great convenience. The solution turns smartphones into card terminals, allowing customers to pay securely and easily on the internet, just as they are used to at the checkout counter.