Basware Corporation, stock exchange release, December 31, 2013 at 09:15
Reward of the share-based incentive plan of Basware's key personnel for the
vesting period 2011
In December 2013, Basware group's key personnel were granted a total of 14,386
shares on the basis of the incentive plan, of which 7,193 shares (in total value
of EUR 182,630,27 based on the average price of the share EUR 25,39 on the
payment day on December 27, 2013) were transferred to the key personnel included
in the plan and EUR 182,630,27 was paid in cash to cover the withholding tax.
A share-based incentive plan targeted for the key personnel of Basware was in
use in 2009-2011. The possible reward of the share-based incentive scheme for
the vesting period 2009-2011 is based on Basware Corporation's earnings per
share (EPS). 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