INDUCT – REGISTRATION OF SHARE CAPITAL INCREASE

Reference is made to the stock exchange announcement by Induct AS ("Induct" or the "Company") on 21 December 2018 regarding the general meeting's resolutions to increase the share capital through a repair issue (the "Repair Issue") and a private placement towards NPP Capital AS (a company wholly owned by CEO Alf Martin Johansen) (the "NPP Share Issue"). Reference is furthermore made to the stock exchange announcements on 8 January 2019 and on 15 January 2019 regarding subscriptions in the NPP Share Issue and the result of the Repair Issue, respectively. Investors in the NPP Share Issue and the Repair Issue will also receive one warrant per share actually subscribed and allocated.

The share capital increase pertaining to the NPP Share Issue and the Repair Issue have now been registered with the Norwegian Register of Business Enterprises. The share capital has been increased with NOK 44,846.60 through issuance of 448,466 new shares, each with a par value of NOK 0.10.

The Company's new share capital is thus NOK 1,003,003.00 divided by 10,030,030 shares, each with a par value of NOK 0.10.

The new shares and warrants will be delivered to the VPS accounts of the subscribers as soon as practically possible, and the new shares will thereafter become tradable on Merkur Market.

The share capital increase pertaining to the private placement announced 28 November 2018 has not been registered, as one of the subscribers has not yet paid its share deposit.

           

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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