Capital Change Notice - Gentrack LTI Scheme - Share Rights

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


23 December 2024
Capital Change Notice
Gentrack Group Limited (Gentrack) adopted a long-term incentive scheme known as the
Gentrack LTI Scheme by Board resolution in 2020 (Gentrack LTI Scheme). The Gentrack
LTI Scheme is for eligible employees and aimed below executive level. Gentrack advises
that 241,449 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 241,449 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
0.0022% 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
• Each Share Right issued to the
relevant participants under the

Gentrack Group Ltd | ARBN 169 195 751

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)
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
2025, 30 September 2026 and
30 September 2027). 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 241,449 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.
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 22
December 2024 and Listing Rule
4.6.1.

Gentrack Group Ltd | ARBN 169 195 751

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 23 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 companysecretarial@gentrack.com
Date of release through MAP
23 December 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 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