Rubean AG
Rubean AG: RUBEAN AG plans capital increase
Rubean AG / Key word(s): Capital Increase/Miscellaneous Publication of insider information pursuant to Article 17 of Regulation (EU) No. 596/2014 RUBEAN AG plans capital increase – Public offer of 440,000 new shares intended – Increase of the share capital at a ratio of 2.75 to one – Expansion of capacities for significant corporate growth Munich, 28 February 2020 – The Fintech company Rubean AG, Munich (ISIN: DE0005120802, WKN: 512080) intends to increase its capital in order to finance the planned significant growth in the mobile payment sector. The aim is to issue 440,000 new shares by means of a public offer, granting the subscription rights of shareholders and making use of the authorised capital. If the planned capital measure is fully implemented, the share capital of RUBEAN AG will increase at a ratio of 2.75 to 1 to 1.65 million euros. In connection with the capital measure, further steps are planned to make the shares of RUBEAN AG more attractive for the capital market. Some of the existing shareholders have agreed to waive their subscription rights in order to increase the free float as a result of the capital measure. Furthermore, the change from simple over-the-counter trading to the premium segment m:access on the Munich Stock Exchange is being sought. In preparation for the capital increase, a securities prospectus is already being prepared. RUBEAN AG intends to use the new funds to expand its capacity to take advantage of the global market opportunities for the “PhonePOS” payment acceptance solution developed jointly with CCV Group BV, Arnhem (NL). The security software has meanwhile been released by Mastercard (ISIN: US57636Q1040) and VISA (ISIN: US92826C8394) for a pilot test, which a leading German financial group intends to conduct shortly. The Executive Board About Rubean german communications AG
28-Feb-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Rubean AG |
Kistlerhofstr. 168 | |
81379 München | |
Germany | |
Phone: | 089-357560 |
Fax: | 089-35756111 |
E-mail: | info@rubean.com |
Internet: | www.rubean.com |
ISIN: | DE0005120802 |
WKN: | 512080 |
Listed: | Regulated Unofficial Market in Munich |
EQS News ID: | 985947 |
End of Announcement | DGAP News Service |