F23 Employee Share Scheme Shares issued (unpaid)
CapitalChangeNotice
Section1:Issuerinformation
NameofissuerPaySauceLimited
NZXtickercodePYS
Classoffinancialproduct
EmployeeShareScheme
Shares
ISIN(Ifunknown,checkonNZXwebsite)N/A
CurrencyNZD
Section2:Capitalchangedetails
Numberissued1,629,066
Nominalvalue(ifany)N/A
Issue/acquisition/redemptionpricepersecurity
$0.2596pershare(beingthe
AverageMarketPriceofa
PYSshareatthedateofthis
allotment).
Natureofthepayment(forexample,cashorother
consideration)
Theshareshavebeenissued
unpaidand,onceallocatedto
employees,maybepaidupby
thoseemployees(orontheir
behalfbyPYS)whenthe
sharesvest.Generally,one
thirdoftheallocationwillvest
uponallocation,onethirdwill
vest12monthsafterallocation
andthefinalthirdwillvest24
monthsafterallocation.
Amountpaidup(ifnotinfull)$nil
PercentageoftotalclassofFinancialProducts
issued/acquired/redeemed/(calculatedonthenumberof
FinancialProductsoftheClass,excludinganyTreasuryStock,
inexistence)
100%(onceemployeeshare
schemesharesvestandare
fullypaiduptheybecome
ordinarysharesandthe
issuancetodayrepresents
1.16%ofallordinaryshares
onissueinPYS)
ForanissueofConvertibleFinancialProductsorOptions,the
principaltermsofConversion(forexampletheConversion
priceandConversiondateandtherankingoftheFinancial
ProductinrelationtootherClassesofFinancialProduct)or
theOption(forexample,theexercisepriceandexercisedate)
ForEmployeeShareScheme
Sharestovest,anemployee
mustremainemployedby
PYSattherelevantvesting
dateandPYSmusthave
achieveditsbudgeted
earningsbeforeinterestand
taxforthepriorcompleted
financialyear.Vestedshares
mustbepaidupifan
employeeleavesemployment
withPYSorwithinthreeyears
ofthedateonwhichtheyvest.
Reasonforissue/acquisition/redemptionandspecificauthority
forissue/acquisition/redemption/(thereasonforchangemust
beidentifiedhere)
Toincentiviseemployeesand
aligntheirinterestswith
shareholders.
TotalnumberofFinancialProductsoftheClassafterthe
issue/acquisition/redemption/Conversion(excludingTreasury
Stock)andthetotalnumberofFinancialProductsoftheClass
heldasTreasuryStockaftertheissue/acquisition/redemption.
2,368,729
Inthecaseofanacquisitionofshares,whetherthoseshares
aretobeheldastreasurystock
N/A
Specificauthorityfortheissue,acquisition,orredemption,
includingareferencetotherulepursuanttowhichtheissue,
acquisition,orredemptionismade
ListingRule4.6andBoard
resolution.
Termsordetailsoftheissue,acquisition,orredemption(for
example:restrictions,escrowarrangements)
EmployeeShareScheme
Sharesmaynotbesold
transferredorotherwisedealt
withbyholdersuntiltheyhave
vestedandarefullypaidup.
Dateofissue/acquisition/redemption31March2023
Section3:Authorityforthisannouncementandcontactperson
NameofpersonauthorisedtomakethisannouncementJaimeMonaghan
ContactpersonforthisannouncementJaimeMonaghan
Contactphonenumber0225246366
Contactemailaddressjaime@paysauce.com
DateofreleasethroughMAP31March2023
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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