Conveyance of Basware Corporation’s own shares based on company’s share incentive plan

Basware Corporation stock exchange release 23 September 2021 at 09.00 EEST

The Board of Directors of Basware Corporation has on 22 September 2021 decided on a directed share issue for the reward payment of Basware Corporation’s Restricted Share Plan 2020.

In the share issue, 625 Basware Corporation shares have today been issued and conveyed without consideration to the key persons participating in the plan according to the terms and conditions of the plan. The shares will be transferred to the book-entry accounts of the participants at the earliest on 23 September 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 18 March 2021.

After the directed share issue, the company holds 7,943 own shares.

As a result of the share issue decided by the Board of Directors on 22 September 2021, the Board of Directors also decided upon the adjustment of the subscription price to be utilized when subscribing the 1,000 freely transferable warrants belonging to Briarwood Chase Management LLC. Following the adjustment, the warrants entitle their holder to subscribe for a total of 1,003,000 shares in the company at an adjusted subscription price of EUR 29.7926 per share (before the adjustment, the subscription price per share was EUR 29.7939).

Further information:

Katariina Kataja, Investor Relations Manager, Basware Corporation
Tel. +358 (0)40 527 1427, katariina.kataja@basware.com   

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

About Basware:
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 organizations with 100% spend visibility by enabling the capture of all financial data across procurement, finance, accounts payable and accounts receivable functions. Basware's solutions play an important role in transitioning to a lower-carbon economy by enabling the digitalization and automation of Purchase-to-Pay enterprise processes that rely on paper. 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.