Induct - Notice for ordinary general meeting – proposal for underwritten rights issue

Induct - Annual Report 2018Induct - Annual Report 2018Induct AS ("Induct" or the "Company") hereby calls for its ordinary general meeting, to be held on Friday Induct - Annua Report 2018 Induct - Annua Report 2018 28 June 2019 at 15.00 CEST in the offices of Advokatfirmaet CLP DA, Sommerrogata 13-15, 0255 Oslo. The notice of the ordinary general meeting is enclosed hereto, along with a proxy form for shareholders wishing to grant a proxy to meet and vote at the general meeting.

The board of directors of the Company has proposed that the ordinary general meeting resolves an underwritten rights issue with gross proceeds of up to NOK 1.9 million (the "Rights Issue") through issuance of up to 380,000 new shares, each with a par value of NOK 0.10, at a subscription price of NOK 5 per share (the "Offer Shares"). If fully subscribed, the Rights Issue will entail a share capital increase of NOK 38,000.

The Rights Issue will be partially underwritten by NPP Capital AS (a company controlled by CEO Alf Martin Johansen), who has accepted to subscribe for Offer Shares for gross proceeds of up to NOK 1 million. No underwriting fee will be payable to NPP Capital AS in relation to the underwriting.

Each existing shareholder will be granted a number of subscription rights pro rata to its holding of shares in the Company per 1 July 2019, as registered as held in the VPS on 3 July 2019 (the "Record Date"). The number of subscription rights granted to each existing shareholder will be rounded down to the nearest whole subscription right. Each subscription right will, subject to applicable securities laws, give the right to subscribe for and be and be allocated one Offer Share in the Rights Issue.

The subscription period in the Rights Issue is proposed to commence on 4 July 2019 at 09.00 CEST and end on 18 July 2019 at 16.30 CEST. The share deposits payable for Offer Share is proposed to fall due on 25 July 2019.

A separate stock exchange notice setting out key information in relation to the Rights Issue will be published in due course.

Completion of the Rights Issue remain subject to approval of the pertaining share capital increase in the ordinary general meeting to be held on 28 June 2019.


For further information, please contact:

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

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.