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Basware: Basware establishes a new share-based incentive plan for key personnel for 2016-2019

Basware Corporation, stock exchange release, February 2, 2016, at 08:40

Basware establishes a new share-based incentive plan for key personnel for

The Board of Directors of Basware Corporation has decided to establish a new
share-based incentive plan, directed to senior management and key personnel
of the company. The share-based incentive plan is an element of annual bonus
plan for the target group and will be linked to the employee's performance
which will be measured for the full year of 2016. Each participating employee
will be able to purchase Basware shares in April 2017, utilizing 25 percent
of their achieved bonus reward. In the case an employee holds these purchased
shares for a 2-year period, the company will provide a one-to-one match
against these shares, to be paid to the employee after April 2019.

The aim of this plan is to reward performance and commit the key employees to
the company whilst ensuring a competitive reward plan with a shareholding in
the company. The matched shares to be distributed based on the plan in April
2019 amount at the target level to approximately 5,000 Basware Corporation
shares (including also the proportion to be paid in cash).

The new incentive plan including a share-based element will be directed to
approximately 40 people. The possible shares to be distributed to the
employees in the plan will consist of own shares held by the company or new
shares acquired in public trading through Nasdaq Helsinki Ltd.

The company has also other active share-based incentive plans. 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:

Hannu Vaajoensuu, Chairman of the Board, Basware Corporation
Tel. +358 40 501 8250


Nasdaq Helsinki
Main media


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Basware via Globenewswire


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