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Composition of the Nomination Board of Basware Corporation

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Basware Corporation, stock exchange release, September 7, 2018 at 11.30am

Composition of the Nomination Board of Basware Corporation

In accordance with the Charter of Basware Corporation’s Nomination Board, as amended and approved by the company’s Annual General Meeting held on March 16, 2017, the following members have been nominated to the company’s Nomination Board:

  •  Andrew Billett, Arrowgrass Capital Partners LLP
  •  Hannu Vaajoensuu
  •  Annika Ekman, Ilmarinen Mutual Pension Insurance Company
  •  Ilkka Sihvo, Chairman of the Board of Directors of Basware Corporation

The Nomination Board shall elect a chairman from amongst its members.

The Nomination Board consists of four (4) members, three (3) of which are appointed by the company’s three largest shareholders, who appoint one member each. The chairman of the company’s Board of Directors serves as the fourth member. The company’s largest shareholders entitled to appoint members to the Nomination Board shall be determined annually on the basis of the registered holdings in the company’s shareholders’ register held by Euroclear Finland Ltd as of the first weekday in September in the year concerned, or on the basis of separate shareholding information presented by nominee registered shareholders.

The Nomination Board of Basware Corporation is responsible for preparing and presenting proposals covering the remuneration and number of members of the company’s Board of Directors as well as proposal on the members of the Board of Directors to Annual General Meeting and, where needed, to an Extraordinary General Meeting. The Nomination Board is also responsible for identifying successors for existing Board members.

More information on the Nomination Board of Basware Corporation and its Charter is available on the company’s investor website at investors.basware.com/en.

For more information, please contact:

Ilkka Sihvo, Chairman of the Board, Basware Corporation
Tel. +358 9 8791 7251


Distribution:
Nasdaq Helsinki
Main media
investors.basware.com/en

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 https://investors.basware.com/en.

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

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