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

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Basware Corporation, stock exchange release, October 23, 2020 at 9.15 am EEST

Basware Corporation has received on October 22, 2020 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act from Arrowgrass Capital Partners LLP according to which their total holding of shares in Basware Corporation has decreased below twenty (20) percent on October 21, 2020.

Basware Corporation has one series of shares in which each share carries one vote. The total number of shares and votes is 14,420,936.

The holding of Arrowgrass Capital Partners LLP and its fund 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: 18.5% 0% 18.5%
Position of previous notification (if applicable): 22.6% 0% 22.6%

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 2,669,656 0 18.5% 0%
Subtotal (A): 2,669,656 18.5%
 

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
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 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 http://investors.basware.com/en.

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