Rangatira Annual Report 2025 - Flipbook - Page 73
Annual Report 2025
Directors’ remuneration paid
Directors’ remuneration for the years ending 31 March
2024 and 2025 is detailed below:
Remuneration band
Number of
employees
Number of
employees
$180,001-$190,000
1
3
$190,001-$200,000
1
1
2025*
2024*
$200,001-$210,000
1
-
David Pilkington (Chair)
$129,875
$124,750
$220,001-$230,000
1
-
Michael Boggs
1
$45,456
-
$230,001-$240,000
2
1
Godfrey Boyce
Directors
$25,975
-
$290,001-$300,000
1
-
David Gibson
$77,924
$75,000
$300,001-$310,000
-
1
Keith Gibson3
$25,975
$78,354
$320,001-$330,000
1
1
Sophie Haslem
$93,516
$89,167
$340,001-$350,000
-
2
Sam Knowles
$83,120
$78,750
$360,001-$370,000
1
-
2
Cathy Quinn
$77,924
$75,000
$380,001-$390,000
1
-
Richard Wilks4
$51,949
$75,000
$550,001-$560,000
1
-
Total
$611,714
$596,021
$560,001-$570,000
-
1
$580,001-$590,000
1
-
$720,001-$730,000
1
-
$730,001-$740,000
-
1
* Directors received a travel allowance of $1,250 per financial year in
addition to their remuneration.
Board performance
The board, along with the Audit and Remuneration
committees, undergoes regular performance reviews
to ensure effective governance and continuous
improvement.
Directors’ remuneration paid by Rangatira subsidiaries
No benefits beyond those disclosed in the related
party note or the ordinary course of business have
been provided by Rangatira or its subsidiaries to any
director for their services. Additionally, no loans have
been made to directors, nor have any debts been
guaranteed by Rangatira or its subsidiaries.
Employee remuneration
For the year ended 31 March 2025, the number of
Rangatira employees (including former employees
and those in subsidiaries) receiving remuneration
and benefits of $100,000 or more is disclosed in
accordance with sections 211(1)(g) and 211(2) of the
Companies Act 1993.
Remuneration band
$100,000-$110,000
Number of
employees
Number of
employees
2025
2024
23
16
Disclosures
Directors’ changes
The following changes occurred during the year:
•
Douglas Gibson ceased to be a director on
2 August 2024.
•
Richard Wilks ceased to be a director on
30 November 2024.
•
Michael Boggs was appointed as a director on
1 September 2024.
•
Godfrey Boyce was appointed as a director on
1 December 2024.
•
David Pilkington and David Gibson have announced
their intention to retire at the 2025 AGM.
Directors’ and key management interest
As at 31 March 2025, the beneficial shareholdings of
Directors and key Management in Rangatira shares are
detailed below:
A shares
B shares
%
David Pilkington
58,888
2,520
0.29%
-
-
-
3,000
-
0.01%
Directors
$110,001-$120,000
13
9
Michael Boggs5
$120,001-$130,000
7
6
Godfrey Boyce
$130,001-$140,000
5
6
David Gibson
9,579
-
0.05%
5,000
-
0.02%
33,815
33,252
0.32%
$140,001, $150,000
2
6
Sophie Haslem
$150,001-$160,000
2
7
Sam Knowles
$160,001-$170,000
3
1
Cathy Quinn ONZM
15,000
-
0.07%
-
4
Total
125,282
35,772
0.77%
$170,001-$180,000
1
2
3
4
5
Michael was appointed as a director on 1 September 2024.
Godfrey was appointed as a director on 1 December 2024.
Douglas ceased to be a director on 2 August 2024.
Richard ceased to be a director on 30 November 2024.
Michael has con昀椀rmed his intention to purchase Rangatira shares once the current share trading blackout period concludes following the AGM.
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