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Share capital | 6 Months Ended
--- | ---
Dec. 31, 2020
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 |  | 2 |  | —
At 31 December 2019 |  | 164,573 |  | 53
Employee share-based compensation awards – issue of shares |  | 49 |  | —
At 30 June 2020 |  | 164,622 |  | 53
Employee share-based compensation awards – issue of shares |  | — |  | —
At 31 December 2020 |  | 164,622 |  | 53
The Company has two classes of ordinary shares outstanding: Class A ordinary shares and Class B ordinary shares. 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. As of 31 December 2020, the Company’s issued share capital comprised 40,622,089 Class A ordinary shares and 124,000,000 Class B 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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