PARTICIPATION OF PRIMARY INSIDERS IN PRIVATE PLACEMENT
Reference is made to stock exchange notice regarding completion of private placement of NOK 10,000,000 dated 11 May 2016.
The following primary insiders participated in the private placement through conversion of debt to shares at the subscription price of NOK 10 per share:
NPP AS, a company controlled by CEO and Board Member Alf Martin Johansen: 130,043 shares. After the private placement NPP AS holds 306,546 shares shares in Induct AS. Immediately therefter Alf Martin Johansen transferred 605,096 shares from himself personally to NPP AS. After this transfer NPP AS holds 911,642 shares and Alf Martin Johansen holds zero shares in Induct AS.
Nikama AS, a company controlled by COO Karl Kristian Mydske: 210,620 shares. After the private placement Nikama AS holds 290,080 shares in Induct AS.
Key Services AS, a company controlled by Chairman and CFO Åge Muren: 32,125 shares. After the private placement Key Services AS holds 32,125 shares in Induct AS. Immediately thereafter Key Services AS transferred 32,125 shares to Key Partners AS, a company also controlled by Åge Muren. After this transfer Key Partners AS holds 192,125 shares and Key Services AS holds zero shares in Induct AS.
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™”