Basware Corporation, stock exchange release, April 3, 2017 at 16.00
Basware share-based incentive plans Restricted Share Plan 2016 - directed share issue
The Board of Directors of Basware decided on March 16, 2017 on a directed share issue related to the reward payment for Basware's share-based incentive plan Restricted Share Plan 2016.
In the share issue, 1,500 shares held by the company have been conveyed without consideration to the key employees participating in the above mentioned plan in accordance with the terms and conditions of the plans.
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 16, 2017.
After the share delivery, the company holds a total of 45,291 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, sirje.ahvenlampi@basware.com
Distribution:
Nasdaq Helsinki
Key media
www.basware.com/investors
About Basware:
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.
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