Rangatira Annual Report 2025 - Flipbook - Page 57
Annual Report 2025
Cash-settled portion of the LTIP
Upon vesting of share rights, the Company settles the employee’s PAYE liability in relation to the LTIP and
issues the net amount of shares to those employees. In relation to this, a liability of $166,000 is included in the
Company’s other liabilities (2024 - $nil) and $197,000 (2024: $205,000) has been included in the Company’s
other non current liabilities in its statement of financial position.
Movements in the number of share rights granted
The following table illustrates the number of, and movements in, total share rights and the total shares issued
during the year subject to the vesting conditions. None of the share rights are exercisable as the vesting
conditions have not yet been met.
Number of shares
2025
$000
2024
$000
Opening balance
85,498
43,547
Granted during the period
38,796
41,951
-
-
Exercised during the period
Forfeited during the period
Closing balance
-
-
124,294
85,498
Note 16 Related party transactions
Key management personnel
Key management personnel (KMP) consisted of the chief executive and senior employees of the Company. The
information below includes consolidated information up to 30 September 2024, and includes compensation
provided to KMP of subsidiaries.
Key management personnel remuneration includes
2025
$000
2024
$000
2,566
4,647
Share based payments
549
363
Total
3,115
5,010
2025
$000
2024
$000
Paid to the Company’s directors
611
587
Paid to subsidiaries’ directors (up to 30 September 2024)
43
85
Total
654
672
Short-term employee benefits
Director remuneration
57
