NZ's PaySauce falters; raises capital at discounted price

PaySauce

21/01/2020 03:34

** Shares of PaySauce Ltd  PYS.NZ  fall as much as 11.5% to
NZ$0.85, marking their biggest intraday pct fall since Jan. 8
    ** Employment solution technology provider announces capital
raising of NZ$5.8 mln at an issue price of NZ$0.34 per share
 urn:newsml:reuters.com:*:nNZWc5PqQk
    ** The issue price represents a discount of 50% to the
186-day volume weighted average price of NZ$0.68, according to
co
    ** Stock at its lowest level in near two weeks
    ** Stock biggest percentage loser on the S&P NZX All Capital
index  .NZCI  
    ** Stock gained 37.1% across 2019

 (Reporting by Deepali Saxena)
 ((Deepali.Saxena@thomsonreuters.com;))