Induct – Re-placing of Private Placement II towards NPP Capital AS

Reference is made to stock exchange announcement by Induct on 31 December 2019 regarding Private Placement II towards CEO. The shares in the referred placement towards NPP Capital AS has been re-placed to current and new shareholders in Induct. 500,000 shares have been re-placed at a subscription price of NOK 4.00 per share. NPP Capital AS' total holding after the transaction: 1,791,838 shares.

With reference to the ordinary shareholders meeting 28 June 2019 regarding the board of directors right to issue new shares, the board of directors consider a private placement of up to 1 million shares at market terms towards NPP Capital AS, a company owned by Alf Martin Johansen, who is Induct’s CEO.

           

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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