Rangatira Annual Report 2023 - Flipbook - Page 61
Ra n g a t i ra An n u a l Re p ort 2023
Rangatira Group
Notes to the Consolidated
Financial Statements (continued)
For the year ended 31 March 2023
The following is a summary of future minimum rentals receivable under non-cancellable operating leases:
2023
$000
2022
$000
Not later than one year
567
607
One to two years
573
397
Two to five years
1,719
1,129
More than five years
3,435
3,200
Future minimum operating lease receivables
6,294
5,333
Note 17 Share Capital
Number of shares
2023
2022
$000
2023
2022
Ordinary "A" shares
9,398
6,165
51,269
6,165
Ordinary "B" shares
11,547
11,547
11,547
11,547
Ordinary shares
20,945
17,712
62,816
17,712
(5)
(4)
(58)
(45)
20,940
17,708
62,758
17,667
less Treasury shares
Total share capital
”A” and “B” shares rank equally, except that “B” shares carry restricted voting rights. These are limited to voting on proposals to:
(i) sell the whole of Rangatira Limited’s undertaking, or
(ii) alter its constitution in such a way as to interfere with the rights and privileges of the holders of “B” shares.
The “B” shareholders are not entitled to participate in future cash issues unless the “A” shareholders agree. These matters are set out in
full in Clause 3 of Rangatira Limited’s constitution.
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