Capital Change Announcement - Senior Management 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


10 December 2024
Capital Change Notice
Gentrack Group Limited (NZX/ASX: GTK) (Gentrack) currently operates a senior
management long-term incentive scheme (Senior Management LTI Scheme) under which
each participating executive (including the CEO) is offered “performance rights”, with each
performance right representing a right to receive one ordinary share in Gentrack once the
applicable vesting conditions have been satisfied. In 2021, shareholders approved the
issue of three tranches of performance rights to the CEO, Gary Miles, with a tranche granted
in 2021 (2021 CEO Award) and the final tranche granted in October 2022 (2022 CEO
Award). There was an award to members of the Executive Leadership Team (ELT)
approved in October 2021 (2021 ELT Award) and an award to members of the ELT and
the CEO approved in October 2023 (2023 Senior Management Award). Gentrack
advises that 3,454,082 ordinary shares have been issued to the ELT and Gary Miles upon
vesting of these awards of performance rights 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 Ordinary Shares
ISIN (If unknown, check on NZX website) NZGTKE0002S9
Currency N/A
Section 2: Capital change details
Number issued/acquired/redeemed 3,454,082 Ordinary Shares
Nominal value (if any) N/A
Issue/acquisition/redemption price per security No consideration is payable
for the issue of Ordinary
Shares on vesting of
performance rights.
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)
3.313%
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
N/A

Gentrack Group Ltd | ARBN 169 195 751

the Financial Product in relation to other Classes of
Financial Product) or the Option (for example, the exercise
price and exercise date)
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
183,132 ordinary shares
issued in connection with 2021
ELT Award.

89,811 ordinary shares issued
in connection with 2021 CEO
Award.

97,380 ordinary shares issued
in connection with 2022 CEO
Award.

3,083,759 ordinary shares
issued in connection with 2023
Senior Management Award.
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.
107,717,093 Ordinary Shares
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
The rules of the LTI scheme,
board resolutions dated 9
December 2024 and
shareholder approvals.


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 10 December 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
10 December 2024

Gentrack Group Ltd | ARBN 169 195 751

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