RUBEAN AG expects growth and increases capital to finance growth

Rubean AG erwartet Wachstum und erhöht Kapital zur Wachstumsfinanzierung

04. Juli 2019


München, 04. Juli 2019: Rubean AG, Munich (ISIN: DE0005120802, WKN: 512080) hereby announces that the main contract between the partner company of Rubean AG and a German financial group has now been concluded in implementation of the preliminary contract mentioned in the ad hoc announcement of June 4, 2019 became. As a result, the management board expects high demand in the medium term for the security software developed by Rubean AG and already patent pending, which is used in the mobile payment area.

To finance further growth, Rubean AG intends to carry out a capital increase for cash. With the approval of the Supervisory Board, the Management Board decided to increase the company's share capital by partially utilizing the existing authorized capital at a ratio of ten to one by EUR 110,000 to EUR 1.21 million. The new 110,000 bearer shares will be issued as part of a private placement at an issue price of EUR 5.00 per share. The subscription right of the shareholders is excluded. The company expects an inflow of liquidity from the capital measure in the amount of EUR 0.55 million.

About Rubean

RUBEAN AG has been an established software manufacturer in the financial sector for 20 years. The company offers software solutions for smooth communication with peripheral devices in bank branches in Germany and Switzerland. Rubean is now growing with the development of innovative solutions for mobile payment. These include the mobile point-of-sale terminal solution PhonePOS, which was created in cooperation with CCV, 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 open market on the Munich Stock Exchange since 2016.

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