Gentrack CEO Gary Miles warns of shrinking public markets without incentive support

Gentrack's Gary Miles says private equity is fishing for a growth story like Gentrack's. (Image: NZME)

Wed, 04 Dec 2024

Gentrack boss Gary Miles has warned public markets could shrink without support for executive incentive programmes.The New Zealand Exchange-listed (NZX) utilities software company recently booked a $10.2 million accounting charge and a $7.1m payroll tax bill for the year ended Sept 30 against long-term incentive performance rights for Miles and other Gentrack executives and key employees. NZ Shareholders' Association (NZSA) managing director Oliver Mander has criticised Gentrack’s incentive scheme and said the thresholds to vest...

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