The arbitral tribunal has confirmed Sapphire BidCo Ltd’s redemption right over the minority shares in Basware Corporation and trading in the Basware Corporation shares will be suspended
Basware Corporation, stock exchange release, 25 November 2022 at 9:55a.m. EET The arbitral tribunal appointed by the Redemption Board of the Finland Chamber of Commerce in connection with the redemption proceedings concerning the minority shares in Basware Corporation (“Basware”) has in its interim decision confirmed that Sapphire BidCo Ltd (“Sapphire BidCo”) has the right to redeem the minority shares in Basware and that Sapphire BidCo has the right to obtain title to the minority shares by posting a security approved by the arbitral tribunal for the payment of the redemption price