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 3,430,245
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security $0.34
Nature of the payment (for example, cash or other
consideration)
$1,166,283.18 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
2.61%
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 of shortfall shares
available from the Rights Issue
conducted by PYS on 9 March
2020 to raise additional
working capital for the
company
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.
134,771,366
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
4.4.1 (a)
1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.
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
Date of issue/acquisition/redemption
2
30/04/2020
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 Jaime Monaghan
Contact phone number +64 22 5246366
Contact email address investor@paysauce.com
Date of release through MAP 30/04/2020
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).
---
PaySauce raises a further $1.17M
Wellington, New Zealand - 30 April 2020
Employment solutions provider PaySauce (NXZ: PYS) provides an update on the
placement of its remaining shares, after concluding an initial Rights Issue on
March 9th 2020. PaySauce has today issued 3.4M shares from the Rights Issue
shortfall, injecting an additional $1.166M cash into the business. This reduces the
shortfall to just over 1.6M shares available, and the company expects to complete
one final allotment in May.
PaySauce CEO Asantha Wijeyeratne says the PaySauce leadership team is
extremely happy with these results. “This is an outcome to be proud of, especially
with all the uncertainty surrounding the COVID-19 pandemic. We’re humbled
that investors have confidence in us even in such a risk-averse environment.”
Notably, PaySauce has added an institutional investor, Pathfinder CareSaver, with
an investment of $405,000 in this allotment.
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.
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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