Capital Change Notice - Gentrack LTI Scheme

Please find attached a Capital Change Notice for Gentrack Group Limited (NZX/ASX: GTK).

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 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.

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

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Announcement PDF