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

Basware Corporation, stock exchange release, March 20, 2019 at 4.45 pm

Basware Corporation has received on March 20, 2019 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act from Bregal Milestone General Partner Jersey Limited according to which Bregal Milestone L.P.’s total holding of financial instruments has increased above five (5) percent of the total number of shares and votes in Basware Corporation on March 19, 2019.

Basware Corporation has one series of shares in which each share carries one vote. The total number of shares and votes is 14,401,936.

The
holding of Bregal Milestone L.P. according to the notification: 

% of
shares and voting rights
 
% of
shares and voting rights through financial instruments
 
Total of both in %
Resulting situation on the date on which threshold was crossed or reached: 0 6.94% 6.94%
Position of previous notification (if applicable): N/A N/A N/A

Notified details of the resulting situation following the crossing of the threshold:

A: Shares and voting rights

Number of shares and voting rights % of shares and voting rights
Class/type of shares: Direct
(SMA 9:5)
Indirect
(SMA 9:6 and 9:7)
 
Direct
(SMA 9:5)
 
Indirect (SMA 9:6 and 9:7) 
FI0009008403  N/A N/A N/A N/A
Subtotal (A): N/A N/A N/A N/A

B: Financial Instruments according to SMA 9:6a

Type of financial instrument Expiration date Exercise/Conversion Period Physical or cash settlement Number of shares and voting rights % of shares and voting rights
Warrants 22 August 2024 2 April 2019 (on or about) – 22 August 2024  Physical  1,000,000 6.94% (see additional information)
Subtotal (B): 1,000,000 6.94%

Additional information:

Basware Corporation has signed a financing agreement with funds advised by Bregal Milestone

LLP. Basware Corporation enters into a senior, unsecured loan totalling EUR 50 million due

September 2024 and also issues at-the-money warrants.

The board of directors of Basware Corporation has resolved to issue 1,000 warrants to Bregal

Milestone L.P. that entitle the holder(s) of the warrants to subscribe for a total maximum number of

1,000,000 shares in Basware Corporation.

Issue of shares by Basware Corporation to the warranty holder(s) may be done via (i) issue of new

shares or (ii) issue of treasury shares. As at the date of this notification, the number of registered

shares in Basware Corporation is 14,401,936.

For more information, please contact:

Ben Selby, Head of Investor Relations, Basware Corporation
Tel.
+358 50 305 8077, ben.selby@basware.com

Distribution:

Nasdaq Helsinki

Key media               

www.basware.com/investors

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 http://investors.basware.com/en

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