Induct AS - Repair Issue – Commencement of Subscription Period
Reference is made to stock exchange announcements dated 5 July 2016 related to the repair issue (the “Repair Issue”) of up to 410,205 shares at a subscription price of NOK 19.00 in Induct AS (“Induct” or the “Company”). Shareholders who were (i) shareholders of the Company as of 4 July 2016 (the “Cut-Off Date”) (as registered in the Norwegian Central Securities Depository (the “VPS”) as of 6 July 2016 (the “Record Date”)); (ii) who did not subscribe for New Shares in the Private Placement completed at 5 July 2016; and (iii) are not resident in a jurisdiction where such offering would be unlawful or, for jurisdictions other than Norway, would require any prospectus, filing, registration or similar action (the “Eligible Shareholders”) are hereby offered to participate in the Repair Issue.
Each Eligible Shareholder will be granted 0.0805 subscription rights per share held as of the Record Date. Each subscription right will give the right to subscribe for and be allocated one new share in the Repair Issue. The subscription rights will be non-transferrable and neither oversubscription nor subscription without subscription rights will be allowed. For further information, including the complete terms and conditions of the Repair Issue, please refer to the prospectus from the Company dated 25 July 2016 (the “Prospectus”), which is available at www.inductsoftware.com.
The subscription period will commence on 25 July 2016 at 09:00 CET and end on 8 August 2016 at 16:30 CET. Notification of allocation will be sent by the Manager to shareholders who are allocated new shares on or about 9 August 2016. Settlement for the allocated shares will take place on or about 12 August 2016. The first day of listing of the shares issued in the Repair Issue on Merkur Market is expected to be on or about 22 August 2016.
Eligible Shareholders who wish to participate in the Repair Issue must complete the subscription form found in the Prospectus and submit it to the Manager, or complete the online subscription by following the link which is available on the web site of Induct AS, by the end of the Subscription Period.
SpareBank 1 Markets is acting as Sole Manager of the Repair Issue.
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™”