Induct – Update on Repair Issue
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES
Reference is made to the stock exchange releases on 2 February 2017 and 3 February 2017 by Induct AS ("Induct" or the "Company") regarding the Private Placement. Subject to completion of the Private Placement, the Company intends to launch a subsequent offering of up to 100,000 new shares with a subscription price of NOK 17.00 per share with non-tradable subscription rights for eligible shareholders (the "Subsequent Offering").
Date on which the terms of the subsequent offering was announced: 3 February 2017
Last day including right to receive subscription rights: 3 February 2017
First day excluding right to receive subscription right: 6 February 2017
VPS record date: 7 February 2017
Date of approval: Expected on or about 28 February 2017
Maximum number of new shares: Up to 100,000
Subscription price: NOK 17.00
The Subsequent Offering is conditional upon i) publication of an offering prospectus, and ii) the approval of the Subsequent Offering by the Company’s board of directors.
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 globally, Induct offers a digital platform that enables efficient management of knowledge based projects and processes. In addition Induct enables the organisations to communicate, collaborate and share knowledge in a secure 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.