Please find attached a Capital Change Notice. The shares were issued unpaid as Employee Share Scheme Shares in the F22 Employee Share Scheme (F22 ESS) and the F23 Employee Share Scheme (F23 ESS).
The third (final) tranche of F23 ESS vested on 31 March 2025, with all tranches of both schemes now full vested.
A portion of the vested shares are being paid up on the relevant employees' behalf by PYS by way of a discretionary bonus.
351,375 F23 Employee Share Scheme Shares are now fully paid up at $0.2842 per share (being the average market price of a PYS share at the date of allotment - 31 March 2022.
60,038 F22 Employee Share Scheme Shares are now fully paid up at $0.2596 (being the average market price of a PYS share at the date of allotment - 31 March 2023.
Once fully paid up, Employee Share Scheme shares become PaySauce Ordinary Shares.
411,413 shares issued in total
The S&P/NZX 50 Index closed at 12,320.19, up 7.59 points or 0.062%.
Economists are widely expecting a 25 bps rate cut next week.
Is New Zealand still fixated on the 1kg block of cheese?
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details