PaySauce plans rights issue, chair steps down

Fri, 20 Dec 2019

Payroll software provider PaySauce said it is planning to raise fresh capital, most likely through a rights issue, and chair Andrew Barnes plans to step down from Dec. 31.Barnes will remain the major shareholder and has committed to at least taking up the rights for his more than 20 percent stake, the company said."While the terms of the anticipated raise have not yet been finalised, discussions to date have led to strong indications of support being received from existing shareholders," the company said in a notice to NZX."The PaySauce board h...

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