Induct - Private Placement towards former Chairman

Induct has completed a Private Placement of NOK 155.209,92 through the subscription of 12,088 new shares at a subscription price of NOK 12.84 per share, through conversion of debt to shares. The shares were subscribed by Abbor Invest AS, a company 100% owned by Bjørn Gabrielsen, who was Chairman of the Board of Directors in Induct AS until 4 May 2018. The new shares to be issued under the Private Placement will be listed on Merkur Market as soon as practically possible after registration of the share capital increase in the Norwegian Register of Business Enterprises, expected on or about 29 June 2018. 

           

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 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.

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

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

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