PaySauce Implements Share Consolidation

PaySauce Limited Implements Share Consolidation
Wellington, New Zealand - 28 June 2019

The directors of SaaS payroll provider PaySauce (NZX:PYS) have resolved to implement a share
consolidation in order to rationalise the number of ordinary shares in the company on issue.

Every 50 PYS shares held as at 5:00pm on 12 July 2019 will be consolidated into 1 share, with all
f ractional entitlements rounded to the nearest whole number of shares (and any f ractional
entitlements to a half share being rounded up). PYS shares are expected to enter a trading
halt to facilitate the consolidation f rom 5:00pm on 10 July 2019. As a result of the consolidation,
the number of PYS shares on issue in will be reduced f rom 5,843,543,401 to 116,870,875.

The expected timetable for the share consolidation is as follows:

Date Event
10 July 2019 Last day for trading in pre-consolidation shares on the NZX
Main Board. PYS shares are expected to enter a three-day
trading halt f rom 5:00pm on this date.
11 July 2019 Ex-date for the consolidation.
12 July 2019 Record date for the consolidation.
16 July 2019 Commencement of trading in post-consolidation shares on
the NZX Main Board.

For more information about the share consolidation, please contact Asantha Wijeyeratne, CEO,
on 021 554 600​.
www.paysauce.com

ABOUT PAYSAUCE

PaySauce provides award-winning SaaS payroll to small and medium sized enterprises.
PaySauce enables business owners to pay and manage employees accurately and efficiently
using web, iOS, and Android applications. The PaySauce platform includes mobile timesheets,
payroll calculations, banking integration, PAYE filing, labour costing, automated general ledger
entries and digital employment contracts.