v3.26.1
Share based compensation reserve (Tables)
 6 Months Ended
Jun. 30, 2026
Share Capital, Reserves and Other Equity Interest [Abstract]  
Summary of Management Share Awards
As part of its long-term incentive initiatives, the Company awards performance share awards and restricted share awards to the management team. The Awards active during the current and prior reporting periods are detailed below.

As at June 30, 2026:
2023 Award2024 Award2025 Award2026 AwardOther AwardsTotal
Number of awards outstanding at January 1, 2026777,155873,5071,044,488 — 589,991 3,285,141
New awards granted in the period— — — 1,157,02856,0001,213,028
Forfeitures in the period(777,155)(79,852)(210,240)(74,887)(21,167)(1,163,301)
Awards vested and issued in period———— (49,000)(49,000)
Number of awards outstanding at June 30, 2026—793,655834,2481,082,141575,8243,285,868
Summary of Management Share Award Inputs and Assumptions are as follows:
2024 Award2025 Award2026 Award
Grant date share price and fair value of share award$16.95 $18.90 $9.55 
Exercise price$— $— $— 
Remaining contractual life of performance share award0.5 years1.7 years2.7 years
Remaining contractual life of restricted share award0.5 years1.7 years2.7 years
Schedule of Reserves within Equity
Share based compensation reserve
20262025
€m€m
Balance as of January 116.9 26.2 
Non-Executive Directors' restricted share awards charge0.4 0.3 
Directors' and Senior Management share awards (credit)/charge(3.3)3.8 
Shares issued upon vesting of awards(0.8)(12.2)
Reclassification of awards for settlement of tax liabilities(0.4)(4.9)
Balance as of June 3012.8 13.2