Basware Corporation, stock exchange release, January 16, 2017 at 18:00
Basware share-based incentive plans 2012-2015 and 2015-2017 - directed share issue
The Board of Directors of Basware decided on June 17, 2016 on a directed share issue related to the reward payment for Basware's share-based incentive plan for 2015-2017, and on November 7, 2016 for the share-based incentive plan for key personnel for 2012-2015 for the earning period 2014.
In the share issue, 11,831 shares held by the company have been conveyed without consideration to the key employees participating in the above mentioned plans in accordance with the terms and conditions of the plans. More detailed information about the launch and the terms and conditions of the plans is available in stock exchange releases published on February 17, 2012, February 15, 2013 and March 24, 2015.
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 15, 2016.
After the share delivery, the company holds a total of 46,792 own shares. The share delivery will be executed by using already existing shares and the plans, therefore, have no dilutive effect.
For more information, please contact:
Sirje Ahvenlampi-Hyvönen, Communications Director, Basware Corporation
Tel. +358 50 557 3822, email@example.com
Basware (Nasdaq: BAS1V) is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing 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 www.basware.com/investors.
Follow Basware on Twitter: @Basware, join the discussion on the Basware LinkedIn, Basware Facebook and Basware Blog and subscribe for the latest news.