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


25 October 2022
Capital Change Notice
Gentrack Group Limited (NZX/ASX: GTK) (Gentrack) adopted a Senior Management Long
Term Incentive Scheme (Senior Management LTI Scheme) by Board resolution in 2016.
Gentrack advises that 538,866 Performance Rights (PRs) have been issued to participants
under the Senior Management LTI Scheme.
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 PRs that are convertible to
Gentrack Group Limited
ordinary shares, pursuant to
the Senior Management LTI
Scheme
ISIN (If unknown, check on NZX website) NZGTKE0002S9
Currency N/A
Section 2: Capital change details
Number issued/acquired/redeemed 538,866 Rights
Nominal value (if any) N/A
Issue/acquisition/redemption price per security No consideration is payable
for the issue of PRs and no
consideration is payable on
receipt of ordinary shares on
vesting of PRs
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)
If all PRs to which this notice
relates were to vest, the new
shares would represent 0.534
% 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
• Each PR issued to the
Managing Director under the
Senior Management LTI
Scheme that vests entitles the
Managing Director to one fully

Gentrack Group Ltd | ARBN 169 195 751

Financial Product) or the Option (for example, the exercise
price and exercise date)
paid ordinary share in
Gentrack Group Limited
• The number of PRs that
vest depends on the
compound annual growth rate
(CAGR) of Gentrack’s earnings
per share (EPS) over the
applicable performance
period
• The PRs will be eligible
to vest in three tranches over
three years (on 31 October
2022, 31 October 2023 and 31
October 2024)
• There is no amount
payable by the Managing
Director on grant or vesting of
the PRs
• The ordinary shares
transferred upon vesting of the
PRs will rank equally with all
other ordinary shares on issue
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
Issued under Senior
Management LTI Scheme
The Senior Management LTI
Scheme was approved by the
Board in 2016 and the Board
formally approved the issue of
the PRs on 31 October 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.
1,459,031 PRs have been
issued in 2022

No PRs 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
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the
issue, acquisition, or redemption is made
Rules of the Gentrack Senior
Management LTI Scheme,
board resolution dated 21
October 2022 and
shareholders’ resolution
passed on 24 February 2021
and Listing Rule 4.2.1
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 21October 2022
Section 3: Authority for this announcement and contact person

Gentrack Group Ltd | ARBN 169 195 751

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
25 October 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