Capital Change Notice and Completion of $5.8M Rights Issue

PaySauce oversubscribed on $5.8M  
capital raise  
Wellington, New Zealand - 15 May 2020  
 
Employment solutions provider PaySauce (NXZ: PYS) has completed its capital  
raise from the Rights Issue on March 9th 2020. PaySauce has today issued 1.65M  
shares from the Rights Issue shortfall, injecting an additional $0.56M cash into  
the business. This completes the total $5.8M capital raise.  
 
The final outcome saw an oversubscription, resulting in the final allotment being  
completed two weeks earlier than PaySauce had initially projected. Nick Lewis,  
Chair of the PaySauce board, said the company is extremely proud of this  
conclusion. “To see a capital raise oversubscribed during a global crisis is a  
massive achievement for our management team. This a testament to the  
confidence our existing shareholders have in PaySauce, and we welcome our  
newest investors to the family. ” PaySauce intends to use the capital to follow  
through on the intentions laid out in their initial Offer documents, while  
managing costs to securely sustain growth.  
 
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.

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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 1,647,237
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security $0.34
Nature of the payment (for example, cash or other
consideration)
$560,060.58 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
1.22%
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 all remaining
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.
136,418,603
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
15/05/2020
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 15/05/2020



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).