Capital Change Notice

Gentrack Group Ltd | ARBN 169 195 751

Gentrack Group
17 Hargreaves Street, St Marys Bay Auckland 1011,
PO Box 3288, Auckland 1140, New Zealand
Ph: +64 9 966 6090 Email:
info@gentrack.com
www.gentrack.com



24 May 2022
Capital Change Notice
Gentrack Group Limited (NZX/ASX: GTK) (Gentrack) adopted a Long Term Incentive
Scheme (Gentrack LTI Scheme) by Board resolution in 2020. Gentrack advises that a new
offer under the Gentrack LTI Scheme has been made and 553,900 share rights (Rights) have
been issued to relevant participants.
The following information is supplied pursuant to NZX Main Board Listing Rule 3.13.1.
Section 1: Issuer information
Name of issuer Gentrack Group Limited
NZX ticker code GTK
Class of financial product Rights that are convertible to
Gentrack Group Limited
ordinary shares, pursuant to
the Gentrack LTI Scheme
ISIN (If unknown, check on NZX website) NZGTKE0002S9
Currency N/A
Section 2: Capital change details
Number issued/acquired/redeemed 553,900 Rights
Nominal value (if any) N/A
Issue/acquisition/redemption price per security No consideration is payable
for the issue of Rights, and no
consideration is payable on
receipt of ordinary shares on
vesting of Rights
Nature of the payment (for example, cash or other
consideration)
N/A
Amount paid up (if not in full) N/A
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury
Stock, in existence)
The Rights to which this notice
relates comprise all of the
Rights awarded in 2022 under
the Gentrack LTI Scheme.
Gentrack Group Limited has
issued other rights under the
Gentrack LTI Scheme,
although they are subject to
different vesting conditions.
If all Rights to which this notice
relates were to vest, the new
shares would represent 0.55 %

Gentrack Group Ltd | ARBN 169 195 751

of the ordinary shares of
Gentrack Group Limited
currently on issue
For an issue of Convertible Financial Products or Options,
the principal terms of Conversion (for example the
Conversion price and Conversion date and the ranking of
the Financial Product in relation to other Classes of
Financial Product) or the Option (for example, the exercise
price and exercise date)
Each Right issued under the
Gentrack LTI Scheme that
vests entitles the holder to one
fully paid ordinary share in
Gentrack Group Limited
Vesting will be subject to
participants’ continued
employment by Gentrack
Group Limited or any of its
subsidiaries
Rights will be divided into
three tranches (each a
Tranche), and a different
vesting date will apply to each
Tranche
The vesting date for each
Tranche is the first NZX trading
day immediately following the
date of the release of the
annual financial results of the
Company for the years ending
30 September 2022, 30
September 2023 and 30
September 2024
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
Issued in connection with the
Gentrack LTI Scheme
The Gentrack LTI Scheme was
approved by the Board of
Gentrack Group Limited in
November 2020. The current
offer under the Gentrack LTI
Scheme was approved by the
Board on 7 April 2022 and the
Board formally approved the
issue of the Rights on 23 May
2022
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding
Treasury Stock) and the total number of Financial Products
of the Class held as Treasury Stock after the
issue/acquisition/redemption.
553,900 Rights were issued as
a 2022 Offer under the
Gentrack LTI Scheme
No Rights are held as Treasury
Stock
In the case of an acquisition of shares, whether those
shares are to be held as treasury stock
N/A

Gentrack Group Ltd | ARBN 169 195 751

Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the
issue, acquisition, or redemption is made
Gentrack LTI Scheme rules,
Board resolution and
directors’ certificate dated 23
May 2022 and Listing Rule
4.6.1
Terms or details of the issue, acquisition, or redemption
(for example: restrictions, escrow arrangements)
See the principal terms
outlined above
Date of issue/acquisition/redemption 23 May 2022
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement Kerry Nickels
Contact person for this announcement Kerry Nickels
Contact phone number +64 212102011
Contact email address commercial@gentrack.com
Date of release through MAP
24 May 2022
ENDS
Contact details regarding this announcement:
Kerry Nickels – Company Secretary
+64 9 966 6090

About Gentrack
Gentrack designs, builds and delivers the high-performing, cloud-first revenue and
customer experience solutions found at the heart of leading utilities and airports around
the world.  Our customers lead in some of the most deregulated and innovative markets in
the world; pioneering innovation, driving effective transformation in the management and
delivery of two of our planet’s most precious resources; energy and water. More
information: https://www.gentrack.com