NPP Capital AS converts 10 mill loan to shares

NPP Capital AS converts 10 mill loan to shares

30 Jun 2022 08:30 CEST

With reference to announcement made 18 December 2020, NPP Capital AS, a company
100% owned by Alf Martin Johansen, and Induct AS has agreed to convert the loan
according to the agreement. The calculated conversion rate is NOK 6,70 per
share. NOK 10 million will be converted to 1.492.537 shares in Induct AS. The
shares will be transferred to the lenders coordinated by NPP Capital AS.

Myrlid AS, a company fully owned by Kjetil Aasen, will receive 1.044.776 shares
in Induct and HMH Invest AS, a company fully owned by Hans Michael Hansen will
receive 447.761 shares in Induct.

After the transaction NPP Capital AS continues to hold 1.851.838 shares in
Induct AS.

For further information, please contact Alf Martin Johansen, CEO at mobile +47
90 17 94 35 or email [email protected]

About Induct
Induct AS was established in 2007 and was a first mover in the development of
software as a service (SaaS) for managing innovation efforts in, and between,
organizations. Our software has enabled more than 350 organizations worldwide to
release the potential that lies in identifying new and good ideas through
innovation engagement and realizing the benefits of turning good ideas into new
ways of thinking, acting, organizing, and working.

In 2020, Induct took a new step on its journey as a knowledge empowerment
provider. We launched a new digital platform - induct.net - where work and
collaboration are taken to a new level for organizations and individuals alike.
By removing unnecessary and unhelpful barriers to collaboration, the platform is
a unique facilitator of knowledge development and management, sharing and
empowerment within organizations, in collaborative networks, and in ecosystems.
Induct has offerings in three main segments: 1) Knowledge management, 2)
Knowledge mining and 3) Collaborative tools.

Want to learn more? Visit us on induct.net

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Source

Induct AS

Provider

Oslo Børs Newspoint