Induct - Notice of extraordinary general meeting
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES.
Oslo, Norway - 18 April 2016
Reference is made to the stock exchange notice dated 12 April 2016 regarding Induct AS's ("Induct" or the "Company") completion of a First Private Placement of NOK 8 million in cash payment and a Second Private Placement of NOK 10 million and a Subsequent Offering of NOK 5 million. The board will propose to the extraordinary general meeting today to accept an additional conversion of NOK 1,410,000 of debt to shares at a subsription price of NOK 10 as part of the Subsequent Offering.
The subsription period will commence as soon as the Prospectus has been completed and registered. The Board expects this to take place on 25 April 2016.
Attached is the statement from the board of the conversion of debt.
For further information, please contact:
Alf Martin Johansen, Chief Executive Officer
47 90 17 94 35
Based on eight years of collaboration with over 250 organizations, Induct offers innovation communities, delivered as "Software as a Service," that enable organizations to create, manage, track and measure the innovation process from idea creation through to final implementation and impact reporting. Induct enables its customers to connect with each other in larger networks to share best practices, while deploying and monetizing initiatives - all within a secure, collaborative, and access-controlled cloud-based network. Induct is listed on the Merkur Market list on the Oslo Stock Exchange with the ticker INDUCT-ME.
Induct: “Connecting Innovation Communities™”