Schedule of expense recognized from share based payment transactions |
Share-based payment expense, which is classified as selling, general, and administrative expenses on the unaudited condensed consolidated interim statement of income and loss and other comprehensive income and loss was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended June 30, | | For the six months ended June 30, | In millions | | 2025 | | 2024 | | 2025 | | 2024 | Restricted and performance share units | | $ | 7.8 | | | $ | 3.8 | | | $ | 11.6 | | | $ | 3.9 | | Equity-settled share options | | 2.6 | | | 5.2 | | | 5.3 | | | 6.2 | | Cash-settled awards | | 0.0 | | | 0.6 | | | 0.0 | | | (0.4) | | Total | | $ | 10.4 | | | $ | 9.6 | | | $ | 16.9 | | | $ | 9.7 | |
The following table summarizes the activity in RSUs for employees and non-employee directors during the six months ended June 30, 2025 and 2024. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the six months ended June 30, | | | 2025 | | 2024 | RSU's | | Number of units | | Weighted Average Grant Date Fair Value | | Number of units | | Weighted Average Grant Date Fair Value | Outstanding at January 1, | | 1,018,974 | | | $ | 13.63 | | | — | | | $ | - | | Granted during the year | | 665,717 | | | 26.95 | | | 1,090,627 | | 13.63 | | Vested during the year | | (374,568) | | | 13.39 | | | — | | | - | | Forfeited during the year | | (34,706) | | | 15.53 | | | (5,668) | | | 13.64 | | Outstanding at June 30, | | 1,275,417 | | | $ | 20.47 | | | 1,084,959 | | $ | 13.63 | | | | | | | | | | |
The following table summarizes the activity in PSUs for employees during the six months ended June 30, 2025 and 2024. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the six months ended June 30, | | | 2025 | | 2024 | PSU's | | Number of units | | Weighted Average Grant Date Fair Value | | Number of units | | Weighted Average Grant Date Fair Value | Outstanding at January 1, | | 1,888,821 | | $ | 14.55 | | | — | | | $ | — | | Granted during the year | | 1,163,249 | | 26.88 | | | 1,993,174 | | | 14.56 | | Vested during the year | | (7,465) | | | 14.55 | | | — | | | — | | Forfeited during the year | | (77,489) | | | 17.07 | | | (6,299) | | | 14.55 | | Outstanding at June 30, | | 2,967,116 | | $ | 21.38 | | | 1,986,875 | | | $ | 14.56 | | | | | | | | | | |
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Schedule of number and weighted-average exercise prices of share options |
The following table summarizes the activity of share options under the 2019 and 2023 ESOP during the six months ended June 30, 2025 and 2024. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the six months ended June 30, | | | 2025 | | 2024 | 2019 & 2023 ESOP | | Number of options | | Weighted average exercise price | | Number of options | | Weighted average exercise price | Outstanding at January 1, | | 12,707,243 | | | $ | 10.02 | | | 14,911,455 | | | $ | 9.56 | | Granted during the year | | — | | | — | | | — | | | — | | Forfeited during the year | | (152,036) | | | 10.06 | | | (517,842) | | | 10.73 | | Exercised during the year | | (1,998,817) | | | 10.57 | | | — | | | — | | Outstanding at June 30, | | 10,556,390 | | | 9.91 | | | 14,393,613 | | | 9.52 | | Exercisable at June 30, | | 5,728,844 | | | $ | 9.88 | | | — | | | $ | — | |
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