Basware Corporation share issue to the company itself without consideration
Basware Corporation, stock exchange release June 4, 2020 at 5:50 pm EEST
The Board of Directors of Basware Corporation has on June 4, 2020, pursuant to the share issue authorization granted to it by the Annual General Meeting held on June 4, 2020, resolved on an issue of 19,000 new shares in the company to the company itself without consideration.
The new shares to be issued are of the same class as the existing shares in the company. The total number of the company's shares after the share issue is 14,420,936 shares, of which 23,297 shares in total are held by the company.
The new shares to be issued to the company will be used for reward payments under the company's incentive programs.
The new shares will be registered with the Finnish Trade Register on or about June 17, 2020. The new shares will be admitted to trading together with the Company’s existing shares on the official list of Nasdaq Helsinki Ltd on or about June 17, 2020.
As a result of the share issue decided by the Board of Directors today, the Board of Directors also decided upon the adjustment of the number of shares that can be subscribed on the basis of the 1,000 freely transferable warrants issued by the company to Bregal Milestone in March 2019. Following such adjustment, the warrants entitle their holder to subscribe for a total of 1,001,000 shares in the company (before the adjustment, 1,000,000 shares) at an adjusted subscription price of EUR 29.8764 per share (before the adjustment, the subscription price per share was EUR 29.9158). To increase the number of shares that may be subscribed for with the warrants, the Board of Directors today exercised the authorization granted by the Annual General Meeting of shareholders held today by deciding upon issuance of special rights that entitle their holder to subscribe for 1,000 new shares in the company. These adjustments to the terms and conditions of the warrants will become effective upon registration with the Finnish Trade Register, which is expected to take place on or about June 17, 2020.
Board of Directors
For more information, please contact:
Sami Takila, General Counsel, Basware Corporation
Tel. +358 40 194 7034, email@example.com
Basware offers the largest open business network in the world and is the global leader in providing networked purchase-to-pay solutions and e-invoicing services. Our technology empowers organisations with 100% spend visibility by enabling the capture of all financial data across procurement, finance, accounts payable and accounts receivable functions. Basware is a global company doing business in more than 100 countries and is traded on the Helsinki exchange (BAS1V: HE). Find out more at https://investors.basware.com/en