INDUCT AS - PURHASE OF OWN SHARES

Induct AS has acquired 184,211 own shares from CIMIT, a branch of Massachusetts General Hospital. The shares in Induct AS were issued to CIMIT in 2010 as part of a development and collaboration initiative. The shares have been acquired at a price of NOK 22.27 per share, adjusted for a claim of NOK1,646,977 for services provided by Induct to CIMIT during the initiative. Induct AS holds 184,211 own shares after this transaction. 

           

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, 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™”

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