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



17 October 2023
Capital Change Notice
Gentrack Group Limited (NZX/ASX: GTK) (Gentrack) adopted a Senior Management LTI
Scheme (Senior Management LTI Scheme) by Board resolution in 2016. Gentrack advises
that 698,315 performance rights (PRs) have been issued to relevant 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 698,315 PRS
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)
The PRs will represent 100% of
that class of financial products
on issue.
If all PRs to which this notice
relates were to vest, the new
shares would represent 0.68%
of the ordinary shares of
Gentrack Group Limited
currently on issue

Gentrack Group Ltd | ARBN 169 195 751

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 PR issued to the
relevant participants under
the Senior Management
LTI Scheme that vests
entitles the relevant
participant to one fully
paid ordinary share in
Gentrack Group Limited.
• The PRs issued under the
Senior Management LTI
Scheme 2022 Grant will be
eligible to vest in two
tranches (on 31 March
2024, and the first date
after the period of 10
trading days immediately
following the release of the
audited financial
statements for the year
ending 30 September
2025). Vesting of the PRs is
subject to a continued
employment vesting
condition and in the case
of the second tranche of
PRs, a share price
appreciation performance
hurdle.
• There is no amount
payable by the relevant
participants 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 the Senior
Management LTI Scheme.
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.
The PRs to which this notice
relates and issued under the
Senior Management LTI
Scheme represent a separate
class distinct from existing PRs
issued under that incentive
scheme. There will be 698,315
PRs of such class issued under
the Senior Management LTI
Scheme immediately following
the issue referred to in this
notice.

Gentrack Group Ltd | ARBN 169 195 751


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 Senior
Management LTI Scheme,
Board resolution dated 16
October 2023 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 17 October 2023
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
17 October 2023
ENDS
Contact details regarding this announcement:
Kerry Nickels – Company Secretary
+64 9 966 6090

About Gentrack
We are entering a new era, with utilities worldwide transforming to meet business
and sustainability targets. For over 35 years Gentrack has been partnering with the
world’s leading utilities, and more than 60 energy and water companies rely on us.
Gentrack, with our partners Salesforce and AWS, are leading todays transformation
with g2.0, an end-to-end product-to-profit solution. Using low code / no code, and
composable technology. G2.0 allows utilities to launch new propositions in days,
reduce cost-to-serve and lead in total experience. https://www.gentrack.com