DGAP-News: Rubean AG: CCV and Rubean AG grow together

DGAP-News: Rubean AG

/ Schlagwort(e): Firmenübernahme/Kapitalmaßnahme

Rubean AG: CCV and Rubean AG grow together

26.08.2021 / 12:53

Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

Corporate news

CCV and Rubean AG grow together

- Annual General Meeting approves the incorporation of the CCV PhonePOS business into Rubean AG through an in-kind capital increase

- Joint tap-to-phone development bundled into Rubean's solutions

- Extensive cooperation to open up large markets

Munich, August 26, 2021: The fintech company Rubean AG, Munich, (ISIN: DE0005120802, WKN: 512080, R1B: GR) and the CCV Group (headquarters in Arnhem), can deepen their partnership and open up larger Tap-to -Phone markets. The general meeting of Rubean approved the transfer of the "CCV PhonePOS" business to Rubean AG, which had already been agreed between the partners, with a large majority. This clears the way for strong growth to become a leading company in the field of mobile payments.

The contribution of the CCV part operation will be carried out by way of an in-kind capital-with the exclusion of subscription rights-against the issue of 600,000 shares. This increases the existing share capital to EUR 2,60 million. The partners had already signed an extensive cooperation agreement that includes the development, support and sales of the jointly developed PhonePOS software. Accordingly, the CCV Group will sell the PhonePOS software in the D-A-CH and the Benelux countries in the future, while RUBEAN will also develop and be responsible for sales in the rest of Europe, North and South America, Asia, Oceania and Africa.

With the contribution, CCV and Rubean are moving the jointly developed PhonePOS solution onto Rubean alone, which will grow strongly in the future. PhonePOS is the leading solution for secure, cashless payment acceptance using an Android-powered smartphone, without the need for additional devices. In Germany, the Sparkasse Finance Group has already started to offer the PhonePOS solution nationwide under the name "Sparkasse POS". Other major customers are the BBVA financial group, which is the leader in Spain and Latin America, and the global payment service provider Global Payments from Atlanta / USA. The PhonePOS solution, which can be installed as an app on a conventional smartphone, is aimed primarily at smaller merchants and businesses. Based on market research, 42 million customers were identified for PhonePOS across Europe, as well as a considerable customer potential in the USA.

"We are happy that the Annual General Meeting has now cleared the last formal hurdle for the closer partnership with the CCV Group," says Dr. Hermann Geupel, CEO of Rubean AG. "After more than five years of development work and intensive joint development, we will now also benefit from the fruits of our work together," Geupel concluded.

About RUBEAN

RUBEAN AG has been an established software manufacturer in the financial sector for 20 years. The company is growing with the development and marketing of the innovative, mobile point-of-sale terminal solution PhonePOS, which RUBEAN developed together with its partner CCV. RUBEAN has been listed in the premium segment m: access of the Munich Stock Exchange with the symbol R1B since April 2020. Recently, the shares of RUBEAN in addition to Munich, Frankfurt / M. and Berlin are also traded on Tradegate, Quotrix and on the Düsseldorf stock exchange.

If you have any questions, please contact:

Anna Sammer, Rubean AG
Kistlerhofstrasse 168, D 81379 Munich
+49 89 357560
Anna.sammer@rubean.com

as

Jörg Bretschneider, german communications AG
Milchstrasse 6 B, D-20148 Hamburg
Tel .: +49 40/46 88 33 0, Fax +49 40/46 88 33 40
presse@german-communications.com

26.08.2021 Veröffentlichung einer Corporate News/Finanznachricht, übermittelt durch DGAP - ein Service der EQS Group AG.
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

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Sprache:

Deutsch

Unternehmen:

Rubean AG

Kistlerhofstr. 168

81379 München

Deutschland

Telefon:

089-357560

Fax:

089-35756111

E-Mail:

info@rubean.com

Internet:

www.rubean.com

ISIN:

DE0005120802

WKN:

512080

Börsen:

Freiverkehr in München

EQS News ID:

1229137

Ende der Mitteilung

DGAP News-Service

1229137 26.08.2021