Update regarding terminated Convertible Loan Facility
Reference is made to the announcements on 2 November 2018 and 13 December 2018 regarding termination of a certain convertible loan facility between Induct AS ("Induct") and European High Growth Opportunities Securitization Fund (the "Investor"). Induct has now received a formal lawsuit from the Investor through their attorney claiming back the remaining loan of NOK 3.7 million after the Investor terminated the convertible loan facility. Induct claim damages exceeding NOK 3.7 million. Reference is made to the announcement on 16 February 2019 with the Quarterly Report for Q4 2018