Registration of share capital increase in Induct AS

Reference is made to stock exchange notice regarding completion of a private placement in the amount of NOK 10,000,000 dated 19 April 2016 and stock exchange notice regarding completion of the first private placement (NOK 8,000,000 of NOK 18,000,000) dated 2 May 2016.

The share capital increase related to the second private placement (NOK10,000,000 of NOK 18,000,000) has now been registered with The Norwegian Register of Business Enterprises.

The new share capital in Induct AS is NOK 638,474.80 split by 6,384,748 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
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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