Tue 31 Mar 2020

Gentrack confirms guidance and suspends “Blackout” period

Gentrack Group Ltd (NZX/ASX: GTK) (“Gentrack”) advises that half year guidance to 31 March 2020 remains as previously advised, being EBITDA1 of between NZ$2m–$3m and confirms its previous decision to withdraw full year guidance as a result of the ongoing uncertainty surrounding the duration and scale of the COVID-19 outbreak.

As at the date of this announcement, Gentrack considers that all material information has been disclosed to the market. In particular, Gentrack does not consider that it holds any material information that one of the exceptions to continuous disclosure in the NZX Listing Rules applies to.

On this basis, Gentrack is suspending the restrictions under its Share Trading Policy that would ordinarily prohibit trading in Gentrack shares by all directors, officers, employees, contractors or secondees of Gentrack and any of its subsidiaries until Gentrack’s announcement of its half-yearly results. This includes suspending the current “Blackout” period that prohibits such trading in Gentrack shares.

Gentrack’s Share Trading Policy continues to apply in all other respects.

(All $ amounts referred to above are NZ$)

ENDS

(1) EBITDA: Earnings before net finance expense, tax, depreciation and amortisation and other non-operating expenses. Non-operating expenses are costs relating to acquisition. References to FY20 EBITDA do not reflect changes resulting from the implementation of IFRS16 that became effective for FY20 reporting.

https://www.gentrack.com/wp-content/uploads/2020/02/Share-Trading-Policy-GGL-Feb-2020.pdf