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“We are delighted to see Basware recognised as a leader in this report. At Basware we help our customers to simplify their operations and spend smarter. Invoice automation continues to play a key role in Purchase-to-Pay (P2P) to capture 100% of spend, increase efficiency and pave the way towards simplified, paperless, and cost-efficient ways to do business. As we have recently strengthened our market-leading P2P suite and supplier network with a strategic sourcing offering, we are now able to provide our customers with a full one-stop shop for the entire Source-to-Pay (S2P).”
Ilari Nurmi, SVP, Purchase to Pay at Basware
Digital transformation is no longer an option, it’s the imperative. It is rather a question how to unleash the power of digitalization while maintaining a healthy business.
Billentis Report 2017
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Sapphire BidCo Ltd has gained title to the minority shares in Basware Corporation and the Basware shares will be delisted from Nasdaq Helsinki

Basware Corporation, stock exchange release, 9 December 2022 at 10:40 a.m. EET   Sapphire BidCo Ltd (“Sapphire BidCo”) has posted security approved by 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”). Sapphire BidCo has thus gained title to all the shares in Basware in accordance with Chapter 18, Section 6 of the Finnish Companies Act. After the security has been posted and the title to the minority shares transferred, the minority

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

Basware applies for the delisting of its shares from Nasdaq Helsinki

Basware Corporation, stock exchange release, 7 October 2022 at 12:00 a.m. EEST The Board of Directors of Basware Corporation (“Basware”) has today resolved to apply for the termination of public trading in the shares of Basware and for the delisting of its shares from the official list of Nasdaq Helsinki Ltd (“Nasdaq Helsinki”). Sapphire BidCo Ltd (“Sapphire BidCo”) holds more than 90 per cent of all the shares and voting rights carried by the shares in Basware. Sapphire BidCo has on 26 August 2022 initiated redemption proceedings in respect of Basware minority shares in order to

Change in Basware Corporation’s financial reporting practice

Basware Corporation, stock exchange release, 7 October 2022 at 11:45 a.m. EET Basware Corporation ("Basware") has resolved to change its financial reporting practice due to the pending redemption proceedings, as announced on 20 July 2022. Basware will therefore not publish an interim report for January-September 2022 on 25 October 2022 as previously announced. Sapphire BidCo Ltd (“Sapphire BidCo”) has acquired through a public tender offer more than 90 per cent of all the issued and outstanding shares and votes in Basware. Sapphire BidCo has on 27 July 2022 applied for redemption

Arbitral tribunal appointed for the arbitration proceedings concerning the redemption of the minority shares in Basware Corporation

Basware Corporation, stock exchange release, 30 September 2022 at 4:00 p.m. EEST   Sapphire BidCo Ltd ("Sapphire BidCo") has on 27 July 2022 applied for redemption proceedings in respect of Basware Corporation's ("Basware") minority shares by submitting an application to appoint an arbitral tribunal and to initiate arbitration proceedings in accordance with Chapter 18, Section 3 of the Finnish Companies Act in order to obtain ownership of all the issued and outstanding shares in Basware. Sapphire BidCo served its application to appoint an arbitral tribunal and to initiate arbitration

Trustee Appointed for the Arbitration Proceedings Concerning the Redemption of Minority Shares in Basware Corporation

Basware Corporation, stock exchange release, August 22, 2022 at 12:00 a.m. EEST   Sapphire BidCo Ltd ("Sapphire BidCo") has on 27 July 2022 commenced redemption proceedings in respect of Basware Corporation's ("Basware") minority shares by initiating arbitration proceedings in accordance with Chapter 18, Section 3 of the Finnish Companies Act in order to obtain ownership of all the issued and outstanding shares in Basware.   Due to Sapphire BidCo's application for the above-mentioned arbitration proceedings, the Redemption Board of the Finland Chamber of Commerce has petitioned

Organizing meeting of the Board of Directors of Basware Corporation

Basware Corporation, stock exchange release, 9 August 2022 at 6.30 p.m. EEST  Basware Corporation’s Board of Directors elected by the Extraordinary General Meeting held on 9 August 2022 elected Dean Jacobson as the Chairperson and Maurice Hernandez as the Vice Chairperson of the Board of Directors in its organizing meeting. The Board of Directors resolved to disband the Audit Committee and Remuneration Committee of the Company so that the Board of Directors, in its entirety, shall assume the tasks of the aforementioned Committees.  BASWARE CORPORATIONBoard of Directors

Decisions of the Extraordinary General Meeting of Basware Corporation

Basware Corporation, stock exchange release, 9 August 2022 at 10.30 a.m. EEST   The Extraordinary General Meeting of Basware Corporation was held today on 9 August 2022 at the company’s headquarters in Espoo, Finland. The Extraordinary General Meeting supported all the proposals presented to the meeting. The Extraordinary General Meeting resolved that the annual remuneration of the Board members elected by the Annual General Meeting of the company held on 22 March 2022 shall be paid in full in cash as follows: members of the Board of Directors and committee members EUR 40,000 per

Basware Half Year Financial Report January−June 2022: Net sales and adjusted EBIT in line with expectations, one-off items related to the tender offer impacted reported EBIT

Basware Corporation, stock exchange release, 21 July 2022 at 8.45 a.m. EESTApril-June 2022 · Cloud ARR order intake decreased 7.4 percent to EUR 5.2 million (EUR 5.6 million), which amounted to 9.7 percent organic decrease at constant currencies · Net sales increased 5.2 percent to EUR 40,563 thousand (EUR 38,571 thousand), which amounted to 2.3 percent organic growth at constant currencies · Cloud revenue increased 11.4 percent to EUR 33,024 thousand (EUR 29,633 thousand), which amounted to 8.1 percent organic growth at constant currencies · EBIT decreased to EUR -8,755

Sapphire BidCo Ltd to commence redemption proceedings in respect of the remaining minority shares in Basware Corporation

Basware Corporation, stock exchange release, 20 July 2022 at 12.45 p.m. EESTNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW. On 27 June 2022, Sapphire BidCo Ltd (the “Offeror”) announced that it will complete the voluntary recommended public cash tender offer to acquire all of the issued and outstanding shares in Basware Corporation (“Basware” or the “Company”) that are not held

Notice to the Extraordinary General Meeting of Basware Corporation

Basware Corporation, stock exchange release, 19 July 2022 at 9:00 a.m. EESTNotice is given to the shareholders of Basware Corporation (“Basware” or the “company”) to the Extraordinary General Meeting to be held on Tuesday, 9 August 2022 at 9:00 a.m. EEST in the company’s headquarters, at the address of Linnoitustie 2 B, Espoo, Finland in Cello-building. The reception of persons who have registered for the meeting will commence at 8:30 a.m. EEST. On 14 April 2022, Sapphire BidCo Ltd (the “Offeror”) and Basware entered into a combination agreement (the “Combination Agreement”) pursuant to

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

Basware Corporation, stock exchange release, 15 July 2022 at 3.15 p.m. EESTBasware Corporation has received on 15 July 2022 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act from Accel-KKR Capital Partners VI, LP according to which Sapphire BidCo Ltd’s holding of shares has exceeded ninety (90) percent and total holding of both shares and financial instruments is over ninety (90) percent of the total number of shares and votes in Basware Corporation on 15 July 2022. Basware Corporation has one series of shares in which each share carries one

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

Basware Corporation, stock exchange release, 15 July 2022 at 1.30 p.m. EESTBasware Corporation has received on 15 July 2022 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act from Accel-KKR Capital Partners VI, LP according to which Sapphire BidCo Ltd’s holding of shares has exceeded fifteen (15) percent and total holding of both shares and financial instruments is over fifteen (15) percent of the total number of shares and votes in Basware Corporation on 14 July 2022. Basware Corporation has one series of shares in which each share carries

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

Basware Corporation, stock exchange release, 15 July 2022 at 1.25 p.m. EESTBasware Corporation has received on 15 July 2022 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act from Accel-KKR Capital Partners VI, LP according to which Topaz MidCo Ltd’s holding of shares has decreased below five (5) percent and total holding of both shares and financial instruments is below ten (10) percent of the total number of shares and votes in Basware Corporation on 14 July 2022. Basware Corporation has one series of shares in which each share carries one

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

Basware Corporation, stock exchange release, 14 July 2022 at 9.35 p.m. EESTBasware Corporation has received on 14 July 2022 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act from Accel-KKR Capital Partners VI, LP according to which their holding of shares has exceeded fifteen (15) percent and holding of financial instruments has exceeded five (5) percent. Total holding of both shares and financial instruments is over twenty (20) percent of the total number of shares and votes in Basware Corporation on 14 July 2022. Basware Corporation has

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

Basware Corporation, stock exchange release, 14 July 2022 at 9.25 p.m. EESTBasware Corporation has received on 14 July 2022 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act from Long Path Partners, LP according to which their holding of shares has decreased below five (5) percent and total holding of both shares and financial instruments is zero (0) percent of the total number of shares and votes in Basware Corporation on 14 July 2022. Basware Corporation has one series of shares in which each share carries one vote. The total number of

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

Basware Corporation, stock exchange release, 14 July 2022 at 9.15 p.m. EESTBasware Corporation has received on 14 July 2022 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act from Briarwood Chase Management LLC according to which their holding of shares and financial instruments has decreased below five (5) percent and total holding of both shares and financial instruments is zero (0) percent of the total number of shares and votes in Basware Corporation on 14 July 2022. Basware Corporation has one series of shares in which each share carries

Basware publishes Half Year Financial Report for January–June 2022 on Thursday, 21 July 2022

Basware Corporation, press release, 7 July 2022 at 9.00 a.m. EESTBasware Corporation publishes Half Year Financial Report for 1 January–30 June 2022 on Thursday, 21 July 2022 at 8.45 a.m. EEST. The report and presentation material will be available on the company’s investor website at investors.basware.com/en after publishing. Basware arranges a briefing for analysts and press, where CEO Klaus Andersen and CFO Martti Nurminen will comment on the events and financial performance of the past quarter. The results briefing can be followed via live webcast or teleconference. A recording of

Basware has decided on a prepayment of its debt with Macquarie Capital Principal Finance, conditional on change of control resulting from the completion of Sapphire BidCo Ltd's tender offer

Basware Corporation, inside information, 6 July 2022 at 3:30 p.m. EESTBasware announced on 12 July 2021 that it has completed an amendment agreement of its debt facility with Macquarie Capital Principal Finance (“Macquarie”). In preparation for the completion of Sapphire BidCo Ltd's tender offer, the Board of Directors of Basware has today on 6 July 2022 conditionally decided upon a prepayment of the debt and on related refinancing with a committed intra-group loan facility entered into today between Basware and Sapphire BidCo. The prepayment of the Macquarie debt is conditional on the

Basware updates its full year EBIT guidance for 2022 based on the one-off expenses related to the tender offer from Sapphire BidCo Ltd

Basware Corporation, inside information, 27 June 2022 at 10:05 a.m. EESTBasware updates its full year EBIT guidance for 2022 following the announcement of the final result of the voluntary recommended public cash tender offer from Sapphire BidCo Ltd for all the shares in Basware Corporation and their confirmation for executing the transaction. The company updates its EBIT guidance due to one-off expenses related to the tender offer. The respective one-off expenses are mainly driven by transaction advisory fees. The company expects its order intake and net sales to develop in line with the

Final result of Sapphire BidCo Ltd’s voluntary public cash tender offer for all the shares in Basware Corporation: Sapphire BidCo Ltd completes the tender offer

Basware Corporation, stock exchange release, 27 June 2022 at 10:00 a.m. EESTNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW. On 26 April 2022, Sapphire BidCo Ltd (the “Offeror”) commenced a voluntary recommended public cash tender offer to acquire all of the issued and outstanding shares in Basware Corporation (“Basware” or the “Company”) that are not held by Basware or any of

Preliminary result of Sapphire BidCo Ltd’s voluntary recommended public cash tender offer for all the shares in Basware Corporation

Basware Corporation, stock exchange release, 22 June 2022 at 3:10 p.m. EESTNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW. On 26 April 2022, Sapphire BidCo Ltd (the “Offeror”) commenced a voluntary recommended public cash tender offer to acquire all of the issued and outstanding shares in Basware Corporation (“Basware” or the “Company”) that are not held by Basware or any of its

Sapphire BidCo Ltd has received all relevant authority approvals for its voluntary recommended public cash tender offer for the shares in Basware Corporation

Basware Corporation, stock exchange release, 10 June 2022 at 10:10 a.m. EESTNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW. On 26 April 2022, Sapphire BidCo Ltd (the “Offeror”) commenced a voluntary recommended public cash tender offer to acquire all of the issued and outstanding shares in Basware Corporation (“Basware” or the “Company”) that are not held by Basware or any of

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