Induct - Registration of share capital increase
Reference is made to stock exchange announcement by Induct AS ("Induct" or the "Company") on 29 November 2019 regarding completion of Private Placement of NOK 2 million by NPP Capital AS, a company 100% owned by Alf Martin Johansen, Induct's CEO.
The share capital increase pertaining to the Private Placement has now been registered with the Norwegian Register of Business Enterprises. The share capital has been increased with NOK 50,000 through issuance of 500,000 new shares, each with a par value of NOK 0.10. The Company's new share capital is thus NOK 1,141,003 divided by 11,410,030 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
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.