Increase of share capital after conversion of notes

Reference is made to the stock exchange announcement on 9 October 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 958,156.40 divided by 9,581,564 shares, each with a par value of NOK 0.10. Each share gives one vote at the Company's general meeting.

After conversion of the 20 notes, European High Growth Opportunities Securitization Fund currently holds 37 convertible notes amounting NOK 3.7 million in Induct.

           

For further information, please contact:
Alf Martin Johansen, Chief Executive Officer
+47 90 17 94 35
amj@inductsoftware.com

About Induct

Based on ten years of collaboration with more than 250 organizations, Induct offers collaborative communities, delivered as "Software as a Service," that enable organizations to digitalize and manage business processes. This also include 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.

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