Notice of Annual Meeting

NoticeofAnnualMeeting
LowerHutt,NewZealand-22August2024
PaySauceLimited(NZX:PYS)(“PaySauce”)hastodayprovidedacopyofitsNoticeof
AnnualShareholders'Meeting.
The2024AnnualShareholders’Meetingwillbeheld:
Where:InPerson
DuncanCotterill,CharteredAccountantsHouseLevel5/50
CustomhouseQuay,Wellington
Online
Pleaseemailinvestor@paysauce.comwithyournameand
shareholdernumberforalinktothelivestream.Onlinevotingwillnot
beavailableinthemeeting.Shareholdersunabletoattendinperson
willbeabletovoteinadvanceofthemeetingbyvisitingthelink
below:https://investorcentre.linkmarketservices.co.nz/voting/PYS
Shareholderscanaskquestionsbeforeorduringthemeetingby
emailingtheirquestionsthroughtoinvestor@paysauce.com.
.
When:Thursday19September2024at3.00pm(NZST)
TheattachedNoticeofMeetingandProxyFormarebeingsenttoshareholders
today.Anelectroniccopyofthesedocumentswillalsobeavailableonthe
company'swebsite.
ENDS
PaySauceisaSaaSfintechplatformprovidingsolutionsforpeopleatworkin14
jurisdictionsacrosstheAsia-Pacificregion.Thetechnologyenablessmall
employerstodigitallyonboard,payandmanageemployeesfromanydevice.The
platformincludesrosters,mobiletimesheets,payrollcalculations,banking
integration,automatedpayments,PAYEfiling,labourcosting,automatedgeneral
ledgerentriesanddigitalemploymentcontracts.ThePayNowfeatureenables
customers’employeestoaccessthepaythey’veearnedbeforepayday,providinga
freealternativetopaydaylenders.
www.paysauce.com

CONTACT
AsanthaWijeyeratne
CEOPaySauce
+6421554600
Pleasedirectanyinvestmentqueriestoinvestor@paysauce.com

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Notice of 2024 Annual
Shareholders' Meeting
19 SEPTEMBER 2024
WELLINGTON, NEW ZEALAND

NOTICEOFANNUALSHAREHOLDERS’MEETING2024
PaySauceLimited,Wellington,NewZealand
NoticeisherebygiventhattheAnnualMeetingofShareholdersofPaySauceLimited
(“PaySauce”,or“theCompany”)willbeheld:
Where:InPerson
DuncanCotterill,CharteredAccountantsHouseLevel5/50
CustomhouseQuay,Wellington
Online
Pleaseemailinvestor@paysauce.comwithyournameandshareholdernumber
foralinktothelivestream.Onlinevotingwillnotbeavailableinthemeeting.
Shareholdersunabletoattendinpersonwillbeabletovoteinadvanceofthe
meetingbyvisitingthelinkbelow:
https://investorcentre.linkmarketservices.co.nz/voting/PYS
Shareholderscanaskquestionsbeforeorduringthemeetingbyemailingtheir
questionsthroughtoinvestor@paysauce.com.
When:Thursday19September2024at3:00pm(NZST)
AGENDA
1.Chair’sIntroduction
2.CEO’sAddresstoShareholders
3.FinancialStatements&Auditor’sReport
4.OrdinaryResolutions
Election&Re-ElectionofDirectors
ResolutionA-ThatJamesSybertsmabeelectedasaDirectorofPaySauce.
ResolutionB-Thathavingretiredbyrotation,GavinThompsonbere-electedasa
DirectorofPaySauce.
Auditor’sRemuneration
ResolutionC-ThattheBoardisauthorisedtofixthefeesandexpensesofGrant
ThorntonastheauditorofPaySauce.
Eachoftheaboveresolutionsareexplainedfurtherintheexplanatorynotesthat
followbelowinthisnotice.
1

EXPLANATORYNOTES
ResolutionsA&B
PursuanttoNZXListingRule2.7.1:
●
ADirectorappointedbytheBoardmustnotholdoffice(withoutre-election)pastthenext
AnnualMeetingfollowingtheDirector’sappointment.
●
ADirectormustnotholdoffice(withoutre-election)pastthethirdAnnualMeetingfollowing
theDirector’sappointmentor3years,whicheverislonger.
James(Jim)Sybertsma,havingbeenappointedon1October2023bytheBoard,andholdingoffice
untiltheconclusionoftheAnnualMeetingofShareholdersinaccordancewithNZXListingRule2.7.1,
offershimselfforelection.
TheBoardhasdeterminedthatJimqualifiesasanIndependentDirector,asdescribedintheNZX
ListingRules,andunanimouslysupportshiselection.
IncompliancewiththerotationrequirementsofListingRule2.7.1,GavinThompsonretiresbyrotation
asaDirectorandbeingeligibleoffershimselfforre-election.TheBoardunanimouslysupportsGavin’s
re-election.
___________________________________________________________________________________________
JamesSybertsma
IndependentNon-ExecutiveDirector,ChairofAudit&
RiskCommittee
TermofOffice:
AppointedinOctober2023.
Experience:
Jimhasover25yearsofexperienceinfinancialleadership
positionsincludingCFOrolesforDBGroup,NZDairyFoods,
FliwayGroup,andHawkesbyManagement.Duringthistime,
Jimhasbeeninvolvedinaudit,complianceandcorporate
financeactivitiesacrossarangeofindustriesandsizesfrom
start-uptoscale-up.
JimiscurrentlyaDirectorforProvidentInsuranceCorporationLimited,AutoDriveHoldingsandFirst
Glass.HeisalsoCFOofHawkesbyManagement,afamilyofficeinvestmentrolemanagingmultiple
investmentsinearlystagetechcompaniesandlistedequityportfolios.
2

___________________________________________________________________________________________
GavinThompson
Non-ExecutiveDirector
TermofOffice:
AppointedinDecember2018
Re-electedinSeptember2021
Experience:
GavinisafounderandadirectorofCatalystIT,NewZealand’s
largestopen-sourceITserviceprovider.Hisbackgroundisin
softwaredevelopmentanddelivery,andhehasover30years’
experienceinsoftwaresystemsinthemanufacturing,
engineering,financial,andgovernmentsectors.Gavinisalsoa
directorontheboardofCatalystCloud,acompanywhichgrew
fromaninfrastructureplatformfortheCatalystbusiness,intoa
providerofcloudservicesforAotearoa.
ResolutionC
GrantThorntonisautomaticallyreappointedauditoroftheCompanyattheannualmeetingunder
section207T(1)oftheCompaniesAct1993.ResolutionCissoughttoauthorisetheDirectorstofixthe
feesandexpensesoftheauditor,inaccordancewithsection207S(a)oftheCompaniesAct1993.
TheDirectorsoftheCompanyintendtovoteproxiesgrantedtothemandmarked‘proxydiscretion’on
ResolutionCinfavouroftheresolution,andunanimouslyrecommendShareholdersvoteinfavourof
ResolutionC.
3

PROCEDURALNOTES
VotingEntitlement
ThepersonswhowillbeentitledtoattendandvoteontheresolutionsattheAnnualShareholders’
MeetingarethosepersonswhowillbetheshareholdersofPaySauceat5.00pmonTuesday17
September2024.
TheChairwillrequirevotingattheAnnualShareholders’Meetingtobeconductedbypoll,ofthe
Company’sshareholdersentitledtovoteandvoting,asrequiredbytheNZXListingRules.
VotinginPerson
Ifyouareentitledtovoteandwishtodosoinperson,weencourageyoutoattendthemeeting.Please
bringyourProxyFormwithyoutothemeeting.
Acorporationmayappointapersontoattendthemeetingasitsrepresentativeinthesamemannerin
whichitwouldappointaproxy.
VotingbyProxy
Ashareholderwhoisentitledtovoteatthemeetingmayappointaproxytoattendandvoteinsteadof
theshareholder.Aproxyneednotbeashareholder.
Ifyouappointaproxyyoumayeitherdirectyourproxyhowtovoteforyouoryoumaygivetheproxy
discretiontovoteastheyseefit.Ifyouwishtogiveyourproxydiscretionthenyoushouldmakethe
appropriateelectionontheProxyFormtograntyourproxythatdiscretion.Youwillbedeemedtohave
givenyourproxydiscretionifyoudonotmakeanelectioninrelationtoanyofresolutionsA,BorC.
TheChairoftheMeetingoranyotherDirectoriswillingtoactasproxyforanyshareholderwho
appointshimorherforthatpurpose.If,inappointingyourproxy,youdonotnameapersonasyour
proxyintheProxyForm,orifyournamedproxydoesnotattendtheannualmeeting,theChairofthe
Meetingwillbeyourproxyandmayvoteonlyinaccordancewithyourexpressdirection.
However,ifyourproxyisprecludedfromvoting(forexample,becausetheyhaveaninterestinthe
outcomeoftheresolution),thentheproxywillnotbeabletovoteonthatresolutiononyourbehalf.If
youdonottickanyboxesoryourdirectiononhowtheproxyistovoteisunclear(intheproxy’ssole
opinion)inrespectofaresolution,thenthedirectionistoabstain.
WheretheChairoftheMeetingoranyotherdirectorisappointedasadiscretionaryproxy,theChairof
theMeetingandallotherDirectorsintendtovoteinfavourofallresolutions.
ProxyForm
AccompanyingthisnoticeofmeetingisaProxyFormwhich,ifused,mustbelodgedwiththeshare
registrar,MUFGCorporateMarkets(formerlyLinkMarketServicesLimited),inaccordancewiththe
instructionssetoutontheformby3:00pmonTuesday17September2024.
Shareholderscanelecttovotetheirproxieson-linebyvisiting
https://investorcentre.linkmarketservices.co.nz/voting/PYSorbyscanningtheQRcodeontheProxy
Formwithyoursmartphone.YouwillneedtoenteryourCSN/HolderNumberandAuthorisationCode
(FIN)tosecurelycompleteyourproxyappointment.
4

OrdinaryResolution
Anordinaryresolutionisonepassedbyasimplemajorityofvotesfromshareholdersentitledtovote
andvotingontheresolution.
AnnualReport
The2024AnnualReportisavailableonthePaySauceLimitedwebsite.
https://www.paysauce.com/investor/#/documents.
ShareholderQuestions
Ifyouhaveanyquestionsyouwouldlikeconsideredatthemeeting,pleaseemailthem(eitherbefore
orduringthemeeting)toinvestor@paysauce.comorcompletetheQuestionssectionontheProxy
Form.TheBoardwilladdressandanswerquestionsduringthemeeting.
5

www.paysauce.com

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LODGE YOUR PROXY
Online:
https://investorcentre.linkgroup.nz/voting/PYS
Scan & email:
meetings@linkmarketservices.com Mail:
Use the enclosed reply paid
Deliver: envelope or address to :
MUFG Corporate Markets MUFG Corporate Markets
Level 30, PwC Tower, PO Box 91976
15 Customs Street West, Auckland 1010 Auckland 1142
Scan this QR code with your smartphone and vote online

General Enquiries
+64 9 375 5998 | enquiries@linkmarketservices.com

PROXY FORM/ADMISSION CARD FOR PAYSAUCE LIMITED’S 2024 ANNUAL MEETING
The Annual Meeting of Shareholders of PaySauce Limited (PaySauce) will be held at the offices of Duncan Cotterill, Charted Accountants
House, Level 5/50 Customhouse Quay on Thursday 19 September 2024 at 3:00pm (New Zealand time. Shareholders wishing to attend the
annual meeting should arrive at the appointed time and should bring their proxy voting form with their shareholder number for verification
purposes.
If you will not attend the Meeting but wish to be represented by proxy, please complete and return this form (in accordance with the lodgement
instructions above) to PaySauce’s share registry, MUFG Corporate Markets (formerly Link Market Services), by no later than 3.00pm,
Tuesday, 17 September 2024. You can also appoint your proxy and vote on the resolutions on the reverse of this form online by going to
https://investorcentre.linkgroup.nz/voting/PYS or by scanning the QR code above with your smartphone.

Appointment of proxy
A proxy need not be a shareholder of PaySauce. A shareholder who wishes to do so may appoint the Chair of the Meeting to act as proxy. If
you appoint a proxy you may either direct your proxy how to vote for you or you may give your proxy discretion to vote as they sees fit. If, in
appointing your proxy, you do not name a person as your proxy in the Proxy Form the Chair of the Meeting will be your proxy and may vote
only in accordance with your express direction.

Voting of your holding
If you appoint a proxy you must either direct the proxy how to vote by ticking the “For”, “Against” or “Abstain” box in respect of each resolution
OR by ticking the “Proxy Discretion” box in respect of each resolution. A shareholder can direct the proxy holder in respect of one or more
resolutions and give the proxy holder discretion in respect of other resolutions. If you wish to give your proxy discretion then you must mark the
appropriate boxes on the form to grant your proxy that discretion. If you do not tick any box for a particular resolution, you will be deemed to
have given your proxy discretion. If you make more than one election in respect of a resolution your vote will be invalid on that resolution.

Attending the meeting
If you wish to attend the meeting in person, please bring this proxy form/admission card to assist with your registration.

Signing instructions for proxy forms
Individual
Where the holding is in one name, the shareholder must sign the Proxy Form.

Joint Holding
This Proxy Form may be signed by either, or on behalf of, the joint shareholders (or their duly authorised attorney).

Power of Attorney
If this proxy form has been signed under a power of attorney, a copy of the power of attorney (unless already deposited with MUFG Corporate
Markets) and a signed certificate of non-revocation of the power of attorney must be returned to MUFG Corporate Markets.

Corporate Shareholder
If the shareholder is a company, this proxy form must be signed on behalf of the company by a duly authorised person acting under the
company’s express or implied authority.

Go online to https://investorcentre.linkgroup.nz/voting/PYS to appoint your proxy, or turn over to complete the form.

PROXY/CORPORATE REPRESENTATIVE FORM
STEP 1: APPOINT A PROXY TO VOTE ON YOUR BEHALF
I/We being a shareholder/s of PaySauce Limited hereby appoint:


_______________________________________________________of ____________________________________________________
(Full Name) (E-mail address)


Or ________________________________________________________of ____________________________________________________
(Full Name) (E-mail address)
as my/our proxy to vote for me/us on my/our behalf at the Annual Meeting of Shareholders to be held at the offices of Duncan Cotterill, Charted
Accountants House, Level 5/50 Customhouse Quay on Thursday 19 September 2024 at 3:00pm, and at any adjournment of that meeting,
and to vote as my/our proxy thinks fit on any resolutions to amend any of the resolutions, or any resolution so amended and on any other
resolution proposed at the Annual Meeting (or any adjournment thereof) so as to give effect to my/our intention as set out below where
possible.
STEP 2: ITEMS OF BUSINESS – PROXY VOTING INSTRUCTIONS
Complete this part if you have appointed a proxy above and you want to direct the proxy as to how the proxy should vote.
Please note: For each resolution you must tick one box.

To consider and, if thought fit, pass the following ordinary resolutions:

Tick (✓) in box to vote

For Against Abstain
1
Discretion
2

A.
That James Sybertsma be elected as a Director of PaySauce.

   
B.
That having retired by rotation, Gavin Thompson be re-elected as a Director of
PaySauce.
   
C.
That the Board is authorised to fix the fees and expenses of Grant Thornton as
the auditor of PaySauce.
   

1
If you mark the ‘Abstain’ box for a particular resolution, you are directing your proxy NOT to vote on that resolution. If a proxy does not vote on your
behalf on a resolution, your votes will not be counted when calculating the majority of that resolution.
2
If you tick the ‘Proxy Discretion’ box for a particular resolution, you are directing your proxy to decide how to vote on that resolution on your behalf.

STEP 3: SHAREHOLDER QUESTIONS
Shareholders present at the Annual Shareholders’ Meeting will have the opportunity to ask questions during the meeting. If you cannot attend but would
like to ask a question, you can submit a question online by going to https://investorcentre.linkgroup.nz/voting/PYS and completing the online validation
process or complete the question section below and return to MUFG Corporate Markets. Questions will need to be submitted by 3:00pm on Tuesday 17
September 2024. After this time, please email questions to investor@paysauce.com. The Board will address and answer questions during the meeting.




STEP 3: SIGNATURE OF SECURITY HOLDER(S) This section must be completed
STEP 4: SIGN: SIGNATURE OF SHAREHOLDER(S) This section must be completed
Shareholder 1 Shareholder 2 Shareholder 3

or duly authorised officer or attorney or duly authorised officer or attorney or duly authorised officer or attorney
Contact Name ___________________________________________ Contact Daytime Telephone _______________________ Date ____________
Electronic Investor Communications: If you received the Notice of Meeting and Proxy Form by mail and wish to receive your future investor
communications by email please provide your email address below.
Question: