BASWARE CORPORATION STOCK EXCHANGE RELEASE, OCTOBER 14, 2008
Basware Corporation's Board of Directors has resolved to start
repurchases of the company's own shares. A maximum of 400 000 shares
will be acquired which represents approximately 3.49% of all Basware
shares. The decision is based on the authorization granted by the
Annual General Meeting on February 14, 2008 to purchase a maximum of
1 146 812 shares. The purchases will start on October 23, 2008 at the
earliest, and they will end by March 31, 2009.
The shares may be repurchased in order to finance or carry out
acquisitions or other business transactions, in order to develop the
Company's capital structure, to improve the liquidity of the
Company's shares, to be disposed for other purposes, or to be
cancelled. Basware will use its free liquid to purchase the shares,
which will decrease the amount of distributable funds.
The repurchases will be carried out through public trading on the
Nasdaq OMX Helsinki, whereby the shares will be purchased in
accordance with the rules and regulations of the Nasdaq OMX Helsinki
and the Finnish Central Securities Depository.
In Espoo, Finland, October 14, 2008
Board of Directors
For more information, please contact
CEO Ilkka Sihvo, Basware Corp.,
Tel. +358 9 8791 7251 or +358 40 501 8251