Induct AS - Update on Repair Issue

Reference is made to the stock exchange notice published by Induct AS (“Induct” or the "Company") today regarding a completed private placement (the "Private Placement") of NOK 10 million.

The Board of Directors has resolved on a repair issue (the “Repair Issue”) to repair for the dilutive effect of the Private Placement. The Repair Issue will be directed towards shareholders as of 4 July 2016, as registered in the VPS 6 July 2016, who were not allocated new shares in the Private Placement. The maximum number of shares, which may be issued in the Repair Issue is 410,205. Eligible shareholders will be entitled to subscribe for and be allocated 0.0805 new shares per share owned as of 4 July 2016. The subscription rights will not be transferrable and oversubscription will not be allowed.

SpareBank 1 Markets AS is Sole Manager for the Repair Issue.

           

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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