(“Induction”, the “Company”, or the “Group”)

Directorate change

Induction, a leading healthcare technology company that helps achieve digital transformation for hospitals, announces that Shelley Fraser has resigned from her position as Chief Financial Officer and from the Board with immediate effect.

She will leave the Company following a short handover period to ensure an orderly transition of responsibilities to Olly Drake, former CFO of Zesty Ltd, who will be Interim Group CFO. Olly previously worked at BDO and was UK Finance Director at Next Fifteen Communications Group PLC. The Company will commence a search for Shelley’s successor during the current quarter.

The Company’s current trading and outlook remain in line with previous guidance.

Chris Spencer, Induction Non-Executive Chair said:

“On behalf of the Board, I would like to thank Shelley for her contribution during her time with us and we wish her well for the future. We look forward to providing a further update on the Company’s progress in 2021.”