PaySauce Limited/Announcement
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Capital Change Notice and Share Allotment

Capital Change29 April 2020PYSInformation Technology

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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