In accordance with NZX Main Board Listing Rule 7.12.1, Gentrack Group Limited (Gentrack) advises that the following Gentrack securities have been issued today:
|Class of Security:||Ordinary shares in Gentrack (Shares)|
|Payment in cash:||NZ$1,904,045 (GBP£1,000,000.00)|
|Amount paid up (if not in full):||Fully paid ordinary shares|
|Principal terms of the Securities:||All shares rank equally with existing Shares|
|Percentage of the total Class of Securities issued:||0.33% (post-allotment)|
|Reasons for issue:||Issued to Evolve Systems Limited key executives (Recipients) in connection with the acquisition by a wholly-owned subsidiary of Gentrack.|
|Specific authority for issue:||Board resolution dated 20 June 2018|
|Terms or details of issue:||The Shares issued will be credited as fully paid, and rank in all respects equally with the ordinary shares on issue.
The Recipients are required to hold the Shares for a minimum of one year, subject to limited exceptions.
|Total number of Securities of the Class in existence after the issue:||83,972,008
|Treasury stock:||Not applicable|
|Date of issue:||2 July 2018|