Reference is made to stock exchange notices dated 15 June and 21 June regarding regarding Private Placement towards Board Member and former Chairman. The share capital increases related to the 162,088 new shares in the Private Placements have now been registered with The Norwegian Register of Business Enterprises. The new share capital in Induct AS is NOK 864,406.40 split by 8,644,064 shares, each with a nominal value of NOK 0.10.


For further information, please contact:

Alf Martin Johansen, Chief Executive Officer
+47 90 17 94 35

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.