PayGroup Limited – Admission and Commencement of Official Quotation

Description

PayGroup Limited (the ‘Company’) was admitted to the official list of ASX Limited (‘ASX’) today, Friday, 25 May 2018.

Official quotation of the Company’s ordinary fully paid shares is expected to commence at 11.30 AM AEST on Tuesday, 29 May 2018.

The Company raised $8.5 million pursuant to the offer under its prospectus dated 11 April 2018 (‘Prospectus’) by the issue of 17,000,000 shares at an issue price of 50 cents per share.

Quotation information

Quoted Securities: 51,671,466
ASX Code: PYG
Time: 11.30 AM AEST
Date: Tuesday, 29 May 2018
ASX Trade Abbreviation: PAYGROUP
ISIN: AU0000002743
Home Branch: Melbourne
Industry Classification: 4510 – Software & Services
Company Secretary: Oliver Carton
Share Registry: Computershare Investor Services Pty Limited
Address: Yarra Falls, 452 Johnston Street, Abbotsford, VIC 3067
Phone: 1300 787 272
Balance Date: 31 March
CHESS: Participating and Issuer Sponsored
Place of Incorporation: Victoria
Dividend Policy: See section 5.9 of the Prospectus
Activities: Human Resource Management
Lead Manager: Lodge Corporate Pty Ltd
Underwriter: N/A
ASX Restricted Securities: N/A
What do I need to do and by when?

Please refer to the Company’s Prospectus.

Need more information?

For further information, please call Lodge Corporate Pty Ltd.

Disclaimer

Please refer to the following disclaimer.

Issued by

Kate Kidson Principal Adviser, Listings Compliance (Melbourne)

About PayAsia

PayAsia is a fully owned subsidiary of PayGroup. Headquartered in Melbourne, Australia, PayGroup Limited (ASX: PYG) was recently incorporated as the holding company for PayAsia (collectively PayGroup or Group). The Group is a provider of BPO solutions and Cloud (Software-as-a-Service or SaaS) based Human Capital Management (HCM) software, operating in the Asia Pacific region for multinational companies, and today services over 400 client entities with more than 31,000 client employees across 18 countries. The Group has 111 employees located across 8 countries. Clients are typically medium to large multinational companies with employees in multiple countries in the Asia Pacific region. The Group operates as a trusted partner to perform the outsourced payroll process for the client employees including banking, treasury, lodgement of statutory submissions including taxation, superannuation, pension, provident funds, and other social benefits. Beyond its BPO Payroll Services, the Group’s SaaS HCM software product suite supports clients in managing aspects of their employees’ life cycle, plus regional and mobile-enabled workflows for critical processes (such as employee and manager self-service, leave management and expense management).

http://www.payasia.asia