NPP Capital AS converts 5 mill loan to shares

With reference to announcement made 12 November 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 6,84 per share. NOK 5 million will be converted to 730.994 shares in Induct AS. The shares will be transferred to the lenders coordinated by NPP Capital AS. Solvik Holding AS, a company fully owned by board member Ole Jørgen Karud, will receive 241.408 shares in Induct as one of the receiving lenders. After the transaction, Solvik Holding AS holds 521.408 shares in Induct AS. 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 +47 90 17 94 35 or amj@induct.net 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 is 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