Conveyance of Basware Corporation’s own shares
Basware Corporation, stock exchange release, March 19, 2021 at 09:00 a.m. EET
The Board of Directors of Basware Corporation has on March 18, 2021 decided on a directed share issue for the reward payment of Basware Corporation’s Performance Share Plan 2019-2020 and Matching Share Plan 2018-2020.
In the share issue, 39,908 Basware Corporation shares have on March 18, 2021 been issued and conveyed without consideration to the key persons participating in the plans according to the terms and conditions of the incentive schemes. The shares will be transferred to the book-entry accounts of the participants at the earliest on March 30, 2021.
The decision on the directed share issue is based on the authorization granted to the Board of Directors by the Annual General Meeting of Shareholders held on March 18, 2021.
After the transfer of the shares, the company holds a total of 8,568 own shares.
As a result of the share issue decided by the Board of Directors on March 18, 2021, 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 originally to Bregal Milestone in March 2019 and subsequently transferred to Briarwood Chase Management LLC in October 2020. Following the adjustment resolved on March 18, 2021, the warrants entitle their holder to subscribe for a total of 1,003,000 shares in the company (before this adjustment, 1,001,000 shares) at an adjusted subscription price of EUR 29.7939 per share (before the adjustment, the subscription price per share was EUR 29.8764). To increase the number of shares that may be subscribed for with the warrants, the Board of Directors exercised on March 18, 2021 the authorization granted by the Annual General Meeting of shareholders held on March 18, 2021 by deciding upon issuance of special rights that entitle their holder to subscribe for 2,000 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 approximately in April 2021.
For more information, please contact:
Martti Nurminen, CFO, Basware Corporation
Tel. +358 (0)40 751 7194, firstname.lastname@example.org
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.