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



28 February 2024
Capital Change Notice
Gentrack adopted a parallel long term incentive scheme known as the Gentrack LTI scheme
(Gentrack LTI Scheme) in November 2020. Gentrack advises that 415,058 share rights
(Share Rights) have been issued to relevant participants under the Gentrack 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 Share 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 415,058 Share Rights
Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security No consideration is payable
for the issue of Share Rights
and no consideration is
payable on receipt of ordinary
shares on vesting of Share
Rights.
Nature of the payment (for example, cash or other
consideration)
NIL
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 Share Rights will represent
100% of that class of financial
products on issue.
If all Share Rights to which this
notice relates were to vest, the
new
shares would represent
0.0040% 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 Share Right issued to
the relevant participants
under the Gentrack LTI
Scheme that vests entitles
the relevant participant to
one fully paid ordinary
share in Gentrack Group
Limited.
• The Share Rights issued
under the Gentrack LTI
Scheme will be eligible to
vest in three tranches (on
the first NZX trading day
immediately following the
date of the release of the
annual financial results of
Gentrack for the years
ending 30 September
2024, 30 September 2025
and 30 September 2026).
These Share Rights are
subject to a continued
employment vesting
condition.
• There is no amount
payable by the relevant
participants on grant or
vesting of the Share Rights.
The ordinary shares
transferred upon vesting of the
Share Rights 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 Gentrack 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 Share Rights to which this
notice relates and issued
under the Gentrack LTI
Scheme represent a separate
class distinct from existing
Share Rights issued under that
incentive scheme. There will
be 415,058 Share Rights of
such class issued under the
Gentrack LTI Scheme
immediately following the
issue referred to in this notice.

No Share Rights are held as
Treasury Stock.

Gentrack Group Ltd | ARBN 169 195 751

In the case of an acquisition of shares, whether those
shares are to be held as treasury stock
Not applicable
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 LTI
Scheme, Board resolution
dated 27 February 2024 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 28 February 2024
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
28 February 2024
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