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The latest announcement is out from Gentrack Group Ltd ( (AU:GTK) ).
Gentrack Group Ltd announced the issuance of 470,266 ordinary shares as part of its long-term incentive scheme, which was established in 2020. This scheme aims to reward selected eligible employees below the executive level with share rights that vest over three years, contingent on continued employment. The issuance of these shares represents 0.4365% of the total class of financial products, and the shares are fully paid and rank equally with existing ordinary shares. This move is part of Gentrack’s strategy to incentivize and retain talent, potentially impacting its operational efficiency and market competitiveness.
The most recent analyst rating on (AU:GTK) stock is a Hold with a A$7.70 price target. To see the full list of analyst forecasts on Gentrack Group Ltd stock, see the AU:GTK Stock Forecast page.
More about Gentrack Group Ltd
Gentrack Group Ltd is a company that has been partnering with leading utilities worldwide for over 35 years, focusing on energy and water sectors. It collaborates with partners like Salesforce and AWS to provide innovative solutions such as g2.0, which is a product-to-profit solution designed to help utilities launch new propositions quickly, reduce costs, and enhance customer experience.
Average Trading Volume: 250,719
Technical Sentiment Signal: Hold
Current Market Cap: A$868.1M
For a thorough assessment of GTK stock, go to TipRanks’ Stock Analysis page.