Induct - Registration of share capital increase

Reference is made to stock exchange announcement by Induct AS ("Induct" or the "Company") on 2 April 2020 regarding completion of Private Placement of NOK 3 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 75,000 through issuance of 750,000 new shares, each with a par value of NOK 0.10. The Company's new share capital is thus NOK 1,266,003 divided by 12,660,030 shares, each with a par value of NOK 0.10.

The new shares 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

Induct offers @WORK, a secure and access controlled digital space for collaboration and work. Gather and collaborate on projects, in work groups, on contracts, in digital governance rooms (board rooms, auditor rooms, investor rooms, etc.) and more! The platform offers an overview of all your work and initiatives in one place.

To learn more about how you and your organization can benefit from Induct, please visit us at:  http://www.induct.net

Join us today, it's free!

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