Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act

Basware Corporation, stock exchange release, April 26, 2018 at 4.50pm

Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act

Basware Corporation has received on April 26, 2018 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act from Massachusetts Mutual Life Insurance Company according to which their total holding of shares of Basware Corporation has increased above five (5) percent on April 24, 2018. According to the notification, the reason for the notification was change in guidance to report holdings at the portfolio level.

The holding of Massachusetts Mutual Life Insurance Company according to the notification: 

% of
shares and voting rights
 
% of
shares and voting rights through financial instruments
 
Total of both in % Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached: 6.94% 6.94% 14,401,936
Position of previous notification (if applicable): 5.03% 5.03%

Notified details of the resulting situation following the crossing of the threshold:

A: Shares and voting rights

Number of shares and voting rights % of shares and voting rights
Class/type of shares: Direct
(SMA 9:5)
Indirect
(SMA 9:6 and 9:7)
 
Direct
(SMA 9:5)
 
Indirect (SMA 9:6 and 9:7) 
FI0009008403  1,000,000 6.94%
Subtotal (A): 1,000,000 6.94%

Information in relation to the person subject to the notification obligation: 

Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity: 

Name % of shares and voting rights   % of shares and voting rights through financial instruments  Total of both 
Massachusetts Mutual Life Insurance Company 6.94% 0.00% 6.94%
MassMutual Holding LLC 6.94%  0.00%  6.94% 
MM Asset Management Holding LLC 6.94% 0.00% 6.94%
OppenheimerFunds, Inc  6.94%  0.00%  6.94% 
Oppenheimer Global Opportunities Fund  6.94%  0.00%  6.94% 

OppenheimerFunds, Inc., is an investment manager that independently exercises their respective voting power on behalf of the clients and investment funds whose assets they are managing.

Massachusetts Mutual Life Insurance Company has made this filing to identify the holdings of the portfolio Oppenheimer Global Opportunities Fund per new guidance.

For more information, please contact:

Ben Selby, Head of Investor Relations, Basware Corporation
Tel. +358 50 305 8077, ben.selby@basware.com

Distribution:

Nasdaq Helsinki
Key media               
www.basware.com/investors

About Basware:
Basware (Nasdaq: BAS1V) is the global leader in providing networked source-to-pay solutions, e-invoicing and value added services. Basware’s commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. Find out more at http://investors.basware.com/en.

Follow Basware on Twitter: @Basware, join the discussion on the Basware LinkedIn, Basware Facebook and Basware Blog.

Subscribe