Announcement

MKTUPDTE: PYS: PaySauce Implements Share Consolidation 04:22p.m. 
PYS  
28/06/2019 16:22  
MKTUPDTE  
NOT PRICE SENSITIVE  
REL: 1622 HRS PaySauce Limited  
 
MKTUPDTE: PYS: PaySauce 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 fractional entitlements rounded to the nearest whole  
number of shares (and any fractional entitlements to a half share being  
rounded up). PYS shares are expected to enter a trading halt to facilitate  
the consolidation from 5:00pm on 10 July 2019. As a result of the  
consolidation, the number of PYS shares on issue in will be reduced from  
5,843,543,401 to 116,870,875.  
 
The expected timetable for the share consolidation is as follows:  
 
- 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 from  
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.  
End CA:00336870 For:PYS Type:MKTUPDTE Time:2019-06-28 16:22:07  

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