Basware Oyj — Share Issue/Capital Change 2021

Mar 19, 2021

Conveyance of Basware Corporation’s own shares

Conveyance of Basware Corporation’s own shares

Basware Corporation, stock exchange release, March 19, 2021 at 09:00 a.m. EET

The Board of Directors of Basware Corporation has on March 18, 2021 decided on a
directed share issue for the reward payment of Basware Corporation’s Performance
Share Plan 2019-2020 and Matching Share Plan 2018-2020.

In the share issue, 39,908 Basware Corporation shares have on March 18, 2021
been issued and conveyed without consideration to the key persons participating
in the plans according to the terms and conditions of the incentive schemes. The
shares will be transferred to the book-entry accounts of the participants at the
earliest on March 30, 2021.

The decision on the directed share issue is based on the authorization granted
to the Board of Directors by the Annual General Meeting of Shareholders held on
March 18, 2021.

After the transfer of the shares, the company holds a total of 8,568 own shares.

As a result of the share issue decided by the Board of Directors on March 18,
2021, the Board of Directors also decided upon the adjustment of the number of
shares that can be subscribed on the basis of the 1,000 freely transferable
warrants issued by the company originally to Bregal Milestone in March 2019 and
subsequently transferred to Briarwood Chase Management LLC in October 2020.
Following the adjustment resolved on March 18, 2021, the warrants entitle their
holder to subscribe for a total of 1,003,000 shares in the company (before this
adjustment, 1,001,000 shares) at an adjusted subscription price of EUR 29.7939
per share (before the adjustment, the subscription price per share was EUR
29.8764). To increase the number of shares that may be subscribed for with the
warrants, the Board of Directors exercised on March 18, 2021 the authorization
granted by the Annual General Meeting of shareholders held on March 18, 2021 by
deciding upon issuance of special rights that entitle their holder to subscribe
for 2,000 new shares in the company. These adjustments to the terms and
conditions of the warrants will become effective upon registration with the
Finnish Trade Register, which is expected to take place approximately in April
2021.
For more information, please contact:
Martti Nurminen, CFO, Basware Corporation
Tel. +358 (0)40 751 7194, martti.nurminen@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 https://investors.basware.com/en.