Induct AS: Induct - Private Placement towards NPP Capital AS and re-placement of shares
Induct has completed a Private Placement of NOK 3 million through the subscription of 600,000 new shares at a subscription price of NOK 5.00 per share. Payment will take place 31 August 2020.The shares were subscribed by NPP Capital AS, a company 100% owned by Alf Martin Johansen, who is Induct's CEO.
The shares in the private placement towards NPP Capital AS has been re-placed to current and new shareholders in Induct. 600,000 shares have been re-placed at
a subscription price of NOK 5.00 per share.
NPP Capital AS' total holding after the transaction: 1,791,838 shares in Induct AS.
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 9 September 2020.