- Major shareholder has fully subscribed
- Issue of 40,000 new shares
- Funds to be used for the market launch of RubeanPay
- Unique, patented solution for mobile and online payments
Munich, March 27, 2017: RUBEAN AG, Munich, (ISIN: DE0005120802, WKN: 512080) has received additional funds for the development and market launch of its new and unique, patented software RubeanPay. Today, the management board, with the approval of the supervisory board, has decided to increase the existing statutory share capital of the company from 1.06 million euros, partially utilizing the authorized capital, by issuing 40,000 new shares with a pro rata amount of 1.00 euro per share, to 1.10 million euros. The subscription rights of the shareholders have been excluded. The new shares were placed with a major shareholder at a price of 7.30 euros per share in cash, so the capital increase has already been successfully completed.
RUBEAN expects strong company growth from the distribution of its innovative software solution RubeanPay. It is a unique solution for mobile and online payments that 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.
