Basware Corporation, stock exchange release, January 30, 2015 at 13:00
Reward of the share-based incentive plan of Basware's key personnel for the vesting period 2012
In January 2015, Basware group's key personnel were granted a total of 7,482 shares on the basis of the incentive plan, of which 3,743 shares (in total value of EUR 153,568.05 based on the closing price of the share EUR 41,05 on the payment day on December 31, 2014) were transferred to the key personnel included in the plan and EUR 153,568.05 was paid in cash to cover the withholding tax.
The reward of the share-based incentive scheme for the vesting period 2012 is based on the sales targets of Basware Corporation. The bonus of the share-based incentive scheme is paid two years after the end of the vesting period, and therefore no other restrictions are associated with the ownership of the shares received.
The company informed about a new share-based incentive plan for the Basware group's key personnel for 2012-2014 on February 17, 2012. Accordingly, the company informed about updating the plan to continue until the end of 2015 on February 15, 2013.
More information about the compensation of Basware's management is available on the company's investor pages at www.basware.com/investors.
For more information, please contact:
Esa Tihilä, CEO, Basware Corporation
Tel. +358 40 480 7098
NASDAQ OMX Helsinki Ltd