PaySauce Considers Capital Raise

Wellington, New Zealand - 29 October 2019 PaySauce (NZX:PYS) announces that the Board is investigating raising new capital so that the company can increase its investment in growth. The company will commence discussions with market participants regarding a possible capital raise and will update the market if it decides to proceed. ENDS ABOUT PAYSAUCE PaySauce provides employment solutions to small and medium sized businesses. 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:00343342 For:PYS Type:GENERAL Time:2019-10-29 08:40:02