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) |
ISIN: | NZGTKE0002S9 |
Number issued: | 274,754 |
Issue price: | NZ$6.93 |
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 |