Ordinary and Preference Shares

12 Months Ended

Mar. 31, 2022

Equity [Abstract]

Ordinary and Preference Shares

Note 8. Ordinary and Preference Shares

Ordinary shares

The Company’s issued and outstanding ordinary shares consist of the following:

	Shares Issued  and Outstanding
	March 31, 2022		March 31, 2021		Par value
Ordinary shares		102,611,397		101,264,412	$	—
Total		102,611,397		101,264,412	$	—

Preference shares

The Company’s issued and outstanding preference shares consist of the following:

	Shares Issued  and Outstanding				Liquidation amount per share
	March 31, 2022		March 31, 2021		March 31, 2022		March 31, 2021
7% Cumulative Redeemable    Preference shares		666,665		666,665	$	33.79	$	32.21
Total		666,665		666,665

The 7% Cumulative Redeemable Preference shares were issued to Ortho-Clinical Diagnostics Finco S.Á.R.L., an affiliate of Ortho on January 29, 2015 at a subscription price of $22.50 per share. These preference shares are redeemable at the request of the shareholder on the "Redemption Trigger Date" which is currently the date of the ninth anniversary of the date of issue of the preference shares, but the Company may further extend the redemption date in one year increments up to the tenth anniversary of the date of issue. Because the 7% Cumulative Redeemable Preference shares are redeemable at the option of the shareholders, they are shown as a liability in the Consolidated Balance Sheet.