Induct - Private Placement towards Board Member

Induct has completed a Private Placement of NOK 1,275,000 through the subscription of 150,000 new shares at a subscription price of NOK 8.50 per share. The shares were subscribed by Fiona Holding Ltd., a company 100% owned by Hans Martin Nakkim, who is Board Member in Induct AS. 

The new shares to be issued under the Private Placement will be listed on Merkur Market as soon as practically possible after registration of the share capital increase in the Norwegian Register of Business Enterprises, expected on or about 22 June 2018.

After the Private Placement Fiona Holding Ltd. owns 150,000 shares in Induct AS.

           

For further information, please contact:
Alf Martin Johansen, Chief Executive Officer
+47 90 17 94 35
amj@inductsoftware.com

About Induct

Based on eight years of collaboration with more than 250 organizations, Induct offers collaborative communities, delivered as "Software as a Service," that enable organizations to digitalize and manage business processes. This also include 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.

Subscriptions is the main source of income for Induct. Induct has customers in 9 countries.

Induct is listed on the Merkur Market list on the Oslo Stock Exchange with the ticker INDUCT-ME.

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