v3.25.2
Common Shares (Tables)
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Share Capital
Authorized share capital
June 30, 2025December 31, 2024
(Number of shares of $0.10 each)
Authorized shares315,000,000 315,000,000 

Issued and outstanding share capital
June 30, 2025December 31, 2024
(Number of shares of $0.10 each)
Issued (1)
244,400,000 264,080,391 
Treasury shares (2)
8,175,134 19,153,570 
Outstanding236,224,866 244,926,821 
(1) The movement in issued share capital for the six months ended June 30, 2025 relates to the cancellation of 19,680,391 shares.
(2) The movement in treasury shares for the six months ended June 30, 2025 relates to the cancellation of 19,680,391 shares, the return of 8,651,955 shares under the Share Lending Agreement and the repurchase of 50,000 shares on the OSE at an aggregate price of $0.2 million, which was cash settled in January 2025.
Schedule of Cash Distributions
During the six months ended June 30, 2025 and 2024, the Company declared the following cash distributions from the Company's contributed surplus account.
Date of Cash Distribution Declaration
Date of Payment to Shareholder (1)
Cash Distribution per Share ($)Total Cash Distributions ($ millions)
February 19, 2025March 19, 20250.02 4.7
Date of Cash Distribution Declaration
Date of Payment to Shareholder (1)
Cash Distribution per Share ($)Total Cash Distributions ($ millions)
February 22, 2024March, 18 20240.05 11.9
May 22, 2024June 17, 20240.10 23.9