Induct - Registration of share capital increase

Reference is made to stock exchange announcement by Induct AS ("Induct" or the "Company") on 18 July 2019 regarding completion of Preferential Rights Issue with gross proceeds of NOK 1.9 million (the "Preferential Rights Issue"). Reference is furthermore made to resolution by the general meeting on 28 June 2019 to issue, to the shareholders participating in the Preferential Rights Issue, one (1) warrant per share allocated in the Preferential Rights Issue.

The share capital increase pertaining to the Preferential Rights Issue has now been registered with the Norwegian Register of Business Enterprises. The share capital has been increased with NOK 38,000 through issuance of 380,000 new shares, each with a par value of NOK 0.10. The Company's new share capital is thus NOK 1,091,003 divided by 10,910,030 shares, each with a par value of NOK 0.10.

The new shares and warrants will be issued as soon as practically possible, and the new shares will thereafter become tradable on Merkur Market.

           

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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