Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act
Basware Corporation, stock exchange release, 09 May 2022 at 11:30 a.m. EEST
Basware Corporation has received on 6 May 2022 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act from The Goldman Sachs Group, Inc. according to which their total holding of shares of Basware Corporation has increased above five (5) percent on 5 May 2022. According to the notification, the reason for the notification was an acquisition or disposal of shares or voting rights and acquisition or disposal of financial instruments.
Basware Corporation has one series of shares in which each share carries one vote. The total number of shares and votes is 14,463,936.
The holding of The Goldman Sachs Group, Inc.according to the notification:
| % of shares and voting rights (total of 7.A) |
% of shares and voting rights through financial instruments (total of 7.B) |
Total of both in % (7.A + 7.B) | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which threshold was crossed or reached: | 4.01% | 1.36% | 5.37% | 14,463,936 |
| Position of previous notification (if applicable): | 3.58% | 0.19% | 3.76% |
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 | 580,650 | 4.01% | ||
| Subtotal (A): | 580,650 | 4.01% | ||
B: Financial Instruments
| Type of financial instrument | Expiration date |
Physical or cash settlement | Number of shares and voting rights | % of shares and voting rights |
| Securities Lending | Open | Physical | 176,373 | 1.22% |
| Swap | 14/04/2032 | Cash | 11,121 | 0.08% |
| Swap | 07/05/2030 | Cash | 6,043 | 0.04% |
| Swap | 06/05/2030 | Cash | 1,334 | 0.01% |
| Swap | 03/06/2030 | Cash | 362 | 0.00% |
| Swap | 20/05/2030 | Cash | 331 | 0.002% |
| Swap | 22/04/2025 | Cash | 265 | 0.002% |
| Swap | 14/05/2030 | Cash | 249 | 0.002% |
| Swap | 02/03/2032 | Cash | 56 | 0.0004% |
| Subtotal (B): | 196,133 | 1,36% |
Full chain of controlled undertakings:
| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both |
| The Goldman Sachs Group, Inc. | |||
| Goldman Sachs (UK) L.L.C. | |||
| Goldman Sachs Group UK Limited | |||
| Goldman Sachs International | |||
| The Goldman Sachs Group, Inc. | |||
| GSAM Holdings LLC | |||
| Goldman Sachs Asset Management, L.P. | |||
| The Goldman Sachs Group, Inc. | |||
| Goldman Sachs Bank USA | |||
| Goldman Sachs Bank Europe SE |
For more information, please contact:
Katariina Kataja, Investor Relations Manager, Basware Corporation
Tel. +358 40 527 1427, katariina.kataja@basware.com
Distribution:
Nasdaq Helsinki
Key media
www.basware.com/investors
About Basware:
Basware is a leading provider of Networked Procure-to-Pay solutions with the largest open e-invoicing network in over 180 countries. Our cloud-based technology enables enterprises to fully manage their spend, mitigate financial risk and reduce operating costs through automation of finance, procurement, accounts payable and accounts receivable processes. Our open technology ecosystem and extensive partner network have helped over 6,500 businesses in 60 countries move towards 100% spend visibility which enables better business decisions – a concept we call Visible Commerce. Basware’s solutions support the transition to a lower-carbon economy by digitization and automation. Basware is traded on the Helsinki exchange (BAS1V: HE). Find out more at https://investors.basware.com/en.