Increase of share capital after conversion of notes

Reference is made to the stock exchange announcement on 24 April 2018.

The share capital increase pertaining to the conversion of notes has been registered in the Norwegian Register of Business Enterprises. The Company's new share capital is NOK 848.197,60 divided by 8,481,976 shares, each with a par value of NOK 0.10. Each share gives one vote at the Company's general meeting.

After the conversion of the 13 notes, European High Growth Opportunities Securitization Fund currently holds 32 convertible notes amounting NOK 3.2 million in Induct.


For further information, please contact:

Alf Martin Johansen, Chief Executive Officer
+47 90 17 94 35

About Induct

Based on eight years of collaboration with over 250 organizations globally, Induct offers a digital platform that enables efficient management of knowledge based projects and processes. In addition Induct enables the organisations to communicate, collaborate and share knowledge in a secure cloud-based network.

Subscriptions is the main source of income for Induct. Induct has customers in 9 countries

Induct is listed on the Merkur Market list on Oslo Stock Exchange with the ticker INDUCT-ME.