Induct AS - Repair Issue - Final Allocation

Reference is made to the stock exchange announcement dated 9 August 2016 related to the completion of the repair issue (the “Repair Issue”) in Induct AS (“Induct” or the “Company”).

The Company has now resolved on the final allocation of the Repair Issue in accordance with the resolution from the Board of Directors dated 24 July 2016. Eligible shareholders, as specified in the stock exchange announcement dated 25 July 2016, were allocated a total of 82,257 new shares at a subscription price of NOK 19 per share.  

 All allocations have been made based on subscription rights, and no allocations has been given to investors subscribing without subscription rights. A total of 97,716 shares were subscribed for, of which 14,459 subscribed shares were not covered by subscription rights, and hence were not allocated.

           

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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