Induct has been notified by its Chairman, Torkjell Nilsen, that he unfortunately has to step down from his position as Chairman of the Board of Directors in Induct with immediate effect due to his acceptance of an offer to become partner in FIRST Fondene AS, an asset management company, which prevents him from holding positions in listed companies due to compliance regulations. The Board will propose Vibeke Hammer Madsen, who has served on the Board of Induct since 4 May 2018, as its new Chairman at the upcoming Extraordinary General Meeting on 20 December 2018.