Repair Issue Completed

Reference is made to the stock exchange announcement dated 25 July 2016 related to the repair issue (the “Repair Issue”) in Induct AS (“Induct” or the “Company”).

The Repair Issue was successfully completed with the subscription period ending on 8 August 2016 at 16:30 CET. 72 investors participated in the Repair Issue through the subscription of 96,716 new shares (the “New Shares”) at a subscription price of NOK 19 per share (“Subscription Price”). 

 Notification of allocation will be submitted to investors subscribing in the Repair Issue today. Payment for the subscribed shares is expected to take place on or about 12 August 2016. The New Shares will be listed on Merkur Market and delivered to the VPS accounts of the subscribers as soon as practically possible after registration of the share capital increase in the Norwegian Register of Business Enterprises, expected on or about 22 August 2016. 

SpareBank 1 Markets is acting as Sole Manager of the Repair Issue.           

For further information, please contact:
Alf Martin Johansen, Chief Executive Officer
47 90 17 94 35
amj@inductsoftware.com       

About Induct
Based on eight years of collaboration with over 250 organizations, Induct offers innovation communities, delivered as "Software as a Service," that enable organizations to 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.

Induct: “Connecting Innovation Communities™”

Posted on August 9, 2016 and filed under Stock announcements, Investor relations, Company news.