Capital Change Notice and Share Allotment

PaySauce Ltd
Capital Change Notice
Updated as at 17 October 2019


Section 1: Issuer information
Name of issuer PaySauce Limited
NZX ticker code PYS
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZMADE0001S4
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 11,974,843
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security $0.34
Nature of the payment (for example, cash or other
consideration)
$4,071,446.62 cash
Amount paid up (if not in full) Paid in Full
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury Stock,
in existence)
1
10.03%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or
the Option (for example, the exercise price and exercise date)
Not Applicable
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Allotment under a rights issue
conducted by PYS
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury
Stock) and the total number of Financial Products of the Class
held as Treasury Stock after the issue/acquisition/redemption.
131,341,121
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
Not Applicable
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Board Resolution dated 10
February 2020, Director’s
Certificate dated 10 February
2020 and NZX Listing Rule
4.3.1 (a)
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
New ordinary shares which
rank equally with all other fully
paid ordinary shares
1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Date of issue/acquisition/redemption
2
09/03/2020
Section 3: A uthority for this announcement and contact person
Name of person authorised to make this announcement
Jaime Monaghan, CFO,
PaySauce
Contact person for this announcement
Contact phone number +64 22 5246366
Contact email address investor@paysauce.com
Date of release through MAP 9/03/2020



2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).

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Rights Issue Shares Allotted  
Wellington, New Zealand - 9 March 2020  
 
Employment solutions provider PaySauce (NZX: PYS) announces the completion  
of its Right Issue process. PaySauce has allotted 11,974,843 new shares, equating  
to total capital raised of $4.07M of the possible $5.79M.   
 
Our largest outside shareholder, Coulthard Barnes (PaySauce) Limited (“CBPL”)  
and associated entities have taken up the maximum entitlement permitted to  
maintain their proportionate shareholding. Settlement of these shares has  
enabled a corresponding reduction in a short-term debt facility extended by  
CBPL. The funds advanced under this facility have been used for the purposes  
outlined in the offer document. The net proceeds have injected $3.13M of cash  
into the business. At the time of the initial issue, the Offer has not been fully  
subscribed, and PaySauce will look to place the balance over the next three  
months.  
 
PaySauce CEO Asantha Wijeyeratne says the company is very pleased with the  
outcome of the capital raise. “We’d like to give a big thanks to our shareholders  
for their continued support. Given the current market conditions, we’re really  
pleased with the result and confident that the additional capital will help us  
achieve the objectives set out in the Offer document”  
 
 
ENDS  
 
ABOUT PAYSAUCE  
 
PaySauce is software at work for people, providing employment solutions to small  
and medium-sized businesses. PaySauce enables business owners to pay and  
manage employees accurately and efficiently using the 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.  
www.paysauce.com  
 
CONTACT   
Please direct any investment queries to investor@paysauce.com.