Induct – Decision from Oslo District Court regarding legal dispute with Alpha Blue Ocean/EHGO
Reference is made to announcements 18 February 2019 and 3 June 2019. The legal dispute between Induct AS (“Induct") and European High Growth Opportunities Securitization Fund ("EHGO") regarding the termination of a certain convertible loan facility was heard by Oslo District Court 19-21 June 2019. Induct has now received the decision from Oslo District Court which concludes that Induct has to issue 179,487 shares to EHGO and repay to EHGO the remaining NOK 3 million in convertible loan. Induct take notice of the fact that the District Court concludes that ”Flere omstendigheter trekker