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Regulatory press release

Induct AS: Induct - Private Placement towards NPP Capital AS

Induct
Read the release

Induct has completed a Private Placement of NOK 3 million through the subscription of 750,000 new shares at a subscription price of NOK 4.00 per share. Payment will take place 5 May 2020.

The shares were subscribed by NPP Capital AS, a company 100% owned by Alf Martin Johansen, who is Induct's CEO.

The new shares to be issued under the Private Placement will be listed on Merkur Market as soon as practically possible after registration of the share capital increase in the Norwegian Register of Business Enterprises, expected on or about 20 May 2020.

NPP Capital AS' total holding after the transaction: 2 591 835 shares in Induct AS.