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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, 11 May 2022 at 2:45 p.m. EEST

Basware Corporation has received on 10 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 decreased below five (5) percent on 9 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: 1.46% 0.14% 1.60% 14,463,936
Position of previous notification (if applicable): 4.01% 1.36% 5.37%

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 201,861 1.46%
Subtotal (A): 201,861 1.46%

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 540 0.004%
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 0.003%
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): 20,301 0.14%

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.