2012-12-31 14:30:56 -
Basware Corporation, stock exchange release, December 31, 2012, at 15:30
Reward of the share-based incentive scheme of Basware's top management for the
vesting period 2010
In December 2012, members of the Executive Team were granted a total of 48,334
shares on the basis of the incentive scheme, of which 24,167 shares (in total
value of EUR 490,106,76 based on the average price of the share EUR 20,28 on the
payment day on December 28, 2012) were transferred to the members of the
Executive Team and EUR 490,106,76 was paid in cash to cover the withholding tax.
A share-based incentive scheme targeted for the top management 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
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 key personnel for 2012-2014 on February 17, 2012.
More information about the compensation of Basware's management is available on
the company's investor pages at www.basware.com/about-us/investors
For more information, please contact:
Esa Tihilä, CEO, Basware Corporation
Tel. +358 40 480 7098
NASDAQ OMX Helsinki Ltd
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Source: Basware via Thomson Reuters ONE