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
amj@inductsoftware.com

           
      
About Induct

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.

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