RUBEAN AG again increases capital to EUR 7.60 per share

München, 11. November 2016: RUBEAN AG, Munich (ISIN: DE0005120802, WKN: 512080) has received funds to launch its new and unique software RubeanPay, for which a patent has been applied. The Executive Board decided today, with the approval of the Supervisory Board, to increase the company's existing, statutory share capital of EUR 1.02 million by partially using the authorized capital by issuing 40,000 new shares with a proportionate amount of the share capital of EUR 1.00 per share to increase by EUR 1.06 million. The shareholders' subscription rights were excluded. The new shares were placed in cash with a major shareholder at a price of EUR 7.60 per share, meaning that the capital increase has already been successfully completed.

RUBEAN expects strong company growth from the distribution of its new, particularly innovative software solution RubeanPay. It is a unique solution for mobile and online payment, which has already been patented and which meets the requirements for the highest level of security and convenience at the same time. 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.