Brief: Rubean Announces Capital Increase

Rubean AG

04/07/2019 09:43

July 4 (Reuters) - RUBEAN AG  R1B.MU :
    * CONTRACT BETWEEN PARTNER COMPANIES OF RUBEAN AG AND GERMAN
FINANCIAL GROUP FIRMLY CLOSED
    * INCREASE IN THE SHARE CAPITAL AT A RATIO OF TEN TO ONE TO
FIVE
EUROS PER SHARE
    * EXPECTS HIGH DEMAND IN THE MEDIUM TERM FOR THE SECURITY
SOFTWARE
DEVELOPED BY RUBEAN AG AND ALREADY PENDING FOR A PATENT, WHICH
IS USED IN THE AREA OF MOBILE PAYMENT
    * EXPECTS CASH INFLOW FROM CAPITAL INCREASE OF EUR 0.55
MILLION
    * TO INCREASE THE SHARE CAPITAL BY PARTIALLY USING THE
EXISTING
AUTHORIZED CAPITAL IN A RATIO OF TEN TO ONE BY € 110,000 TO €
1.21 MILLION
    * SUBSCRIPTION RIGHT IS EXCLUDED
    * NEW BEARER 110,000 SHARES WILL BE ISSUED AS PART OF
PRIVATE
PLACEMENT AT ISSUE PRICE OF EUR 5.00 PER SHARE

Source text for Eikon:  ID:nEQ6LmFtha 
Further company coverage:  R1B.MU 

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