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

Basware Corporation, stock exchange release, May 27, 2019 at 4.45 pm EEST

Basware Corporation has received on May 27, 2019 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act from Massachusetts Mutual Life Insurance Company according to which their total holding of shares of Basware Corporation has decreased to zero (0) on May 24, 2019 due to OppenheimerFunds, Inc. no longer being their subsidiary.

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.

holding of Massachusetts Mutual Life Insurance Company 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% 0% 0%
Position of previous notification (if applicable): 6.94% 0% 6.94%

Additional information:

Invesco Ltd acquired OppenheimerFunds Inc. on May 24, 2019. OppenheimerFunds, Inc. (and its entities) is no longer a subsidiary of Massachusetts Mutual Life Insurance Company.

For more information, please contact:

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


Nasdaq Helsinki
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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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About Us

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.