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PaySauce Limited ( (NZ:PYS) ) has issued an announcement.
PaySauce Limited has issued 1,250,000 unpaid ordinary shares as partial consideration for services provided to the company, representing approximately 0.761% of its ordinary share class. The shares, priced at NZ$0.2580 based on the average market price before issuance and authorised by the board, will only be quoted once paid up and will rank equally with existing ordinary shares once fully paid.
Following this issue, PaySauce has 164,245,994 fully paid ordinary shares and 2,171,942 unpaid ordinary shares on issue, highlighting its continued use of equity-based compensation to align service providers with shareholder interests. The unpaid shares will be called and paid in three tranches between July 2026 and July 2028, providing a staggered vesting-style structure that may support long-term engagement and align incentives over multiple years.
More about PaySauce Limited
PaySauce Limited is a New Zealand-based company listed on the NZX under the ticker PYS. The company issues ordinary shares and operates within the financial and capital markets framework, using equity-based consideration as part of its arrangements for services provided to the business.
Average Trading Volume: 9,193
Technical Sentiment Signal: Buy
Current Market Cap: N$50.1M
For a thorough assessment of PYS stock, go to TipRanks’ Stock Analysis page.