Induct AS - Participation of Primary Insiders in Private Placement
Reference is made to the stock exchange notice published by Induct AS ("Induct" or the "Company") on 5 July 2016 regarding completed Private Placement (the"Private Placement").
The following primary insiders of the Company was allocated New Shares in the Private Placement:
NPP Capital AS, a company owned 100% by Alf Martin Johansen (CEO and Member of the Board of Directors), was allocated 36,086 shares. Total holding after the transaction: 947,728 shares.
Naben AS, a company owned 100% by Audun Wickstrand Iversen (Member of the Board of Directors) was allocated 5,000 shares. Total holding after the transaction: 71,619 shares.
Following the Private Placement NPP Capital AS has sold 13,500 shares at NOK 19,00 per share. After the Private Placement and the sale of shares NPP Capital AS has increased its shareholding in Indcuct AS with net 22,586 shares to 934,228 shares.
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™”