Induct - Private Placement towards NPP Capital AS and re-placement of shares
Induct has completed a Private Placement of NOK 3 million through the subscription of 600,000 new shares at a subscription price of NOK 5.00 per share. Payment will take place 31 August 2020.The shares were subscribed by NPP Capital AS, a company 100% owned by Alf Martin Johansen, who is Induct's CEO.
The shares in the private placement towards NPP Capital AS has been re-placed to current and new shareholders in Induct. 600,000 shares have been re-placed at
a subscription price of NOK 5.00 per share.
NPP Capital AS' total holding after the transaction: 1,791,838 shares in Induct AS.
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 9 September 2020.
For further information, please contact:
Alf Martin Johansen, Chief Executive Officer
+47 90 17 94 35
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.