Induct – Notice of extraordinary general meeting – participation of primary insiders
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES.
Oslo, Norway – 12 April 2016
Reference is made to the stock exchange notice given yesterday regarding Induct AS's ("Induct" or the "Company") completion of a First Private Placement of NOK 8 million in cash payment and a Second Private Placement of NOK 10 million and a Subsequent Offering of NOK 5 million.
To resolve the Second Private Placement and the Subsequent Offering, the board of directors of the Company hereby gives notice of an extraordinary general meeting to be held on 18 April 2016 at 17:00h at the Company's premises. Please find the notice enclosed.
The following primary insiders will participate in the Second Private Placement:
| Name | Shares allocated in the Second Private Placement | Total amount of shares held after completion of the Private Placement |
| Alf Martin Johansen, CEO(through wholly owned company NPP Capital AS) | 130,043 | 911,642 (14.28%) |
| Karl Kristian Mydske, COO (through wholly owned company Nikama AS) | 210,620 | 290,080 (4.54%) |
| Åge Muren, chairman (through wholly owned company Key Services AS) | 32,125 | 192,125 (3.01%) |
Kim Hamli (EVP Sales) and Tor Andre Johansen (CTO) has entered into an agreement with Øystein Tvenge, whereby they will re-sell the shares they are allocated in the Subsequent Offering to Øystein Tvenge. A separate primary insider notification will be published when the transaction has been carried out.
For further information, please contact:
Alf Martin Johansen, Chief Executive Officer
47 90 17 94 35
amj@inductsoftware.com
About Induct
Based on eight years of collaboration with over 250 organizations, Induct offers innovation communities, delivered as "Software as a Service," that enable organizations to 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.
Induct: “Connecting Innovation Communities™”
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