RUBEAN AG increases capital to 7.30 euros per share

München, 27. März 2017: RUBEAN AG, Munich, (ISIN: DE0005120802, WKN: 512080) has received further funding for the development and market launch of its new and unique, patent-pending RubeanPay software. Today, the Management Board resolved, with the approval of the Supervisory Board, to increase the company's existing statutory share capital of EUR 1.06 million, partially utilizing the authorized capital by issuing 40,000 new shares with a proportionate amount in the share capital of EUR 1.00 each Share to increase to 1.10 million euros. The subscription right of the shareholders was excluded. The new shares were placed with a major shareholder at a price of EUR 7.30 per share in cash, so that the capital increase has already been successfully completed.

RUBEAN expects strong company growth from the spread of its innovative software solution RubeanPay. It is a unique solution for mobile and online payment that meets the requirements for the highest level of security and convenience. The new solution turns smartphones into card terminals. Customers can use it to pay online just as securely and easily as they are used to at the shop counter.