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



29 March 2023
Capital Change Notice
Gentrack Group Limited (NZX/ASX: GTK) (Gentrack) adopted a Senior Management Long
Term Incentive Scheme (Senior Management LTI Scheme) by Board resolution in 2016.
Gentrack advises that 584,282 Performance Rights (PRs) have been issued to Gentrack’s
Managing Director (Mr Gary Miles) 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 584,282 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
0.577% 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 Mr Miles
under the Senior
Management LTI Scheme
that vests will entitle him to
one fully paid ordinary
share in Gentrack Group
Limited.
• Vesting of PRs is subject to
certain conditions. Half of
the PRs are subject to a
performance hurdle based
on the share price
appreciation over the
applicable performance
period. The PRs have a
three year vesting period
divided into three equal
tranches with the vesting
date for a tranche on the
first, second or third
anniversary of the grant
date (as the case may be).
The ordinary shares to be
issued on 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 Senior
Management LTI Scheme.
The Senior Management LTI
Scheme was approved by the
Board in 2016. The grant of
PRs to Mr Miles was approved
by shareholders at the 2021
ASM held on 24 February
2021 and the 2023 ASM held
on 23 February 2023, and the
Board formally approved the
issue of the PRs on 28 March
2023.
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.
584,282 PRs.
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 Gentrack Senior
Management LTI Scheme,
board resolution dated 28
March 2023 and shareholders’

Gentrack Group Ltd | ARBN 169 195 751

resolutions passed on 24
February 2021 and 23
February 2023, and Listing
Rule 4.2.1.
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 March 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
29 March 2023
ENDS
Contact details regarding this announcement:
Kerry Nickels – Company Secretary
+64 9 966 6090

About Gentrack
For over 30 years Gentrack has been partnering with the world’s leading utilities. More than
50 energy and water companies rely on Gentrack. Our g2.0 solution combines this wealth
of experience with Salesforce’s unbeatable CRM, Gentrack’s leading meter-to-cash
platform, and a composable architecture on AWS. g2.0 ensures high performance, security,
scalability, and rapid prototyping for innovation at pace.
When it comes to transformations, you can count on us. https://www.gentrack.com