Gentrack issues shares for employee incentive program

Gentrack Group Limited (Gentrack) issued 470,266 ordinary shares on November 25, 2025, to eligible employees under its Gentrack LTI Scheme. This issuance stems from share rights granted in 2022, 2023, and 2024, which vested based on continued employment. The shares issued are fully paid and rank equally with existing ordinary shares.

The issuance represents a 0.4365% increase in the total class of financial products, excluding treasury stock. Following this transaction, the total number of ordinary shares in circulation is 108,197,139, with no ordinary shares held as treasury stock. The company's board approved the issuance on November 21, 2025.

The Gentrack LTI Scheme was established in 2020, granting share rights to employees below the executive level. Vesting occurs over three years, with one-third of the share rights vesting on the first, second, and third anniversaries of the grant date, resulting in one fully paid ordinary share per vested share right.