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Rubean AG
ISIN: DE0005120802
WKN: 512080
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Rubean AG · ISIN: DE0005120802 · EQS - Company News (59 News)
Country: Germany · Primary market: Germany · EQS NID: 1378727
20 June 2022 08:29AM

Cyclebit Group has disbursed convertible loan


DGAP-News: Rubean AG / Key word(s): Financing/Corporate Action
Rubean AG: Cyclebit Group has disbursed convertible loan

20.06.2022 / 08:29
The issuer is solely responsible for the content of this announcement.


Corporate News

 

Rubean AG: Cyclebit Group has disbursed convertible loan

- Rubean has received 3.4 million euros in funds


Munich, 20th of June 2022: CYCLEBIT GROUP LTD ("CYCLEBIT"), Lemesos/Cyprus, a fintech company in the payment sector, has disbursed the convertible loan approved by an Extraordinary General Meeting in March of this year to Rubean AG (ISIN: DE0005120802, WKN: 512080), Munich,. Rubean received a total of 3.4 million euros.

In return, CYCLEBIT received the right to convert the loan receivable into 271,750 Rubean shares. If not converted, the loan runs for two years and bears interest at 3.0 per cent p.a.. In accordance with the agreement, the two companies are now examining the possibility of a comprehensive cooperation.

About CYCLEBIT GROUP: Founded in 2012, Cyclebit Group is a global payments and SaaS provider. Its core products include card acquiring, point-of-sale (POS) services and market-place solutions. The company recently launched crypto and SoftPOS offerings, both billion-dollar industries in which the company is already a leader in select markets. In 2019, the company broke even and is currently growing profitably at an exponential rate.

About Rubean: Rubean AG is a 20-year established software developer in the financial sector. The company is now growing with the development of innovative mobile payment solutions. These include the mobile point-of-sale terminal solution PhonePOS, which was developed in cooperation with CCV. Rubean is listed on the m:access of the Munich Stock Exchange as well as on the Frankfurt, Berlin and Düsseldorf OTC markets and on Tradegate and Quotrix.

For further inquiries, please contact:

Anna Sammer german communications AG
Rubean AG Jörg Bretschneider
Kistlerhofstr. 168, D-81379 München Milchstraße 6 B, D-20148 Hamburg
+49 89 357560 +49 40/46 88 33 0, Fax +49 40/46 88 33 40
anna.sammer@rubean.com presse@german-communications.com



20.06.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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: 1378727

 
End of News DGAP News Service

1378727  20.06.2022 

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This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

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