- Placement with major shareholder already completed
- Issuance of 20,000 new shares
- Funds are intended for further preparation of the market launch of RubeanPay
- Unique, patented solution for mobile and online payments
Munich, September 29, 2016: RUBEAN AG, Munich, (ISIN: DE0005120802, WKN: 5120802) has received additional funds to prepare for the market launch of its new and unique, patented software RubeanPay. After a decision by the management board and supervisory board to increase the share capital, the new shares were placed with a major shareholder at a price of 7.60 euros per share in cash. Today, the management board, with the approval of the supervisory board, decided to increase the existing statutory share capital of the company from 1 million euros, partly using authorized capital, by issuing 20,000 new shares with a proportionate amount of share capital of 1.00 euro per share to 1.02 million euros. The subscription right of the shareholders was excluded. The capital increase has already been successfully completed through the full subscription of the new shares.
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.
