Reference is made to stock exchange announcement byInduct 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 byAlf Martin Johansen , Induct's CEO. The share capital increase pertaining to the Private Placement has now been registered with theNorwegian Register ofBusiness Enterprises . The share capital has been increased withNOK 75,000 through issuance of 750,000 new shares, each with a par value ofNOK 0.10 . The Company's new share capital is thusNOK 1,266,003 divided by 12,660,030 shares, each with a par value ofNOK 0.10 . The new shares will be issued as soon as practically possible, and the new shares will thereafter become tradable onMerkur 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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