Capital Change Notice - Gentrack LTI Scheme

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 November 2024
Capital Change Notice
Gentrack Group Limited (NZX/ASX: GTK) (Gentrack) adopted a long-term incentive
scheme known as the Gentrack LTI Scheme by Board resolution in 2020 (Gentrack LTI
Scheme). The Board approved the issue of share rights to selected eligible employees
(aimed below executive level) with grant dates in 2021, 2022 and 2023 (Share Rights).
Vesting of each recipient’s Share Rights under each offer is subject to continued
employment by Gentrack on the vesting date. Subject to continued employment, one-third
of each recipient’s Share Rights will vest on the first, second and third anniversaries of the
date the Share Rights are granted. On vesting, each recipient receives one fully paid
ordinary share for each Share Right held. Gentrack advises that the number of Share Rights
eligible to vest on 27 November 2024 is 580,834 and that it has issued 580,834 ordinary
shares in total to those eligible employees who were granted Share Rights.
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 Ordinary Shares
ISIN (If unknown, check on NZX website) NZGTKE0002S9
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 580,834 Ordinary Shares
Nominal value (if any) N/A
Issue/acquisition/redemption price per security NIL
Nature of the payment (for example, cash or other
consideration)
NIL
Amount paid up (if not in full) Fully paid
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)
0.5602%
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)
N/A

Gentrack Group Ltd | ARBN 169 195 751

Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
Issued on vesting of
performance rights from 2021,
2022 and 2023 Offers 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.

104,263,011

No ordinary shares are held as
treasury stocks
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
By Board resolution dated 26
November 2024
Terms or details of the issue, acquisition, or redemption
(for example: restrictions, escrow arrangements)
The shares issued will be
credited as fully paid, and rank
in all respects equally with the
Ordinary Shares on issue
Date of issue/acquisition/redemption 27 November 2024
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement Anna Ellis
Contact person for this announcement Anna Ellis
Contact phone number +64 9 966 6090
Contact email address commercial@gentrack.com
Date of release through MAP
28 November 2024

ENDS

Contact details regarding this announcement:

Anna Ellis – 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 today’s 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