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Share capital | 12 Months Ended
--- | ---
Jun. 30, 2021
Share capital. |
Share capital |
22 | Share capital
​
​ | ​ | ​ | ​ | ​
​ | ​ | Number of | ​ | Ordinary
​ | ​ | shares | ​ | shares
​ |  | (thousands) |  | £’000
At 1 July 2019 |  | 164,571 |  | 53
Employee share-based compensation awards — issue of shares |  | 51 |  | —
At 30 June 2020 |  | 164,622 |  | 53
Employee share-based compensation awards — issue of shares |  | 55 |  | —
At 30 June 2021 |  | 164,677 |  | 53
​
22 | Share capital (continued)
​ The Company has two classes of ordinary shares outstanding: Class A ordinary shares and Class B ordinary shares, each with a par value of $0.0005 per share. The rights of the holders of Class A ordinary shares and Class B ordinary shares are identical, except with respect to voting and conversion. Each Class A ordinary share is entitled to one vote per share and is not convertible into any other shares. Each Class B ordinary share is entitled to 10 votes per share and is convertible into one Class A ordinary share at any time. In addition, Class B ordinary shares will automatically convert into Class A ordinary shares upon certain transfers and other events, including upon the date when holders of all Class B ordinary shares cease to hold Class B ordinary shares representing, in the aggregate, at least 10% of the total number of Class A and Class B ordinary shares outstanding. For special resolutions (which are required for certain important matters including mergers and changes to the Company’s governing documents), which require the vote of two-thirds of the votes cast, at any time that Class B ordinary shares remain outstanding, the voting power permitted to be exercised by the holders of the Class B ordinary shares will be weighted such that the Class B ordinary shares shall represent, in the aggregate, 67% of the voting power of all shareholders. All shares issued by the Company are fully paid. As of 30 June 2021, the Company’s issued share capital comprised 44,969,701 (2020: 40,622,089) Class A ordinary shares and 119,707,613 (2020: 124,000,000) Class B ordinary shares. During the year ended 30 June 2021, 4,292,387 Class B ordinary shares were converted into an equivalent number of Class A ordinary shares. 1,682,896 Class A ordinary shares are currently held in treasury. Distributable reserves have been reduced by £21,305,000, being the consideration paid for these shares. See note 23.

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- Definition The entire disclosure for share capital, reserves and other equity interest. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 79 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_79&doctype=Standard -URIDate 2020-01-01 + Details
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