v3.26.1
Capital and reserves
6 Months Ended
Jun. 30, 2026
Disclosure of classes of share capital [abstract]  
Capital and reserves Capital and reserves
The movement in GHL ordinary shares during the six months ended June 30, 2026 is as follows:
(in thousands of shares)Class A ordinary sharesClass B ordinary shares
In issue at January 13,969,291128,356
Issued for restricted ordinary shares6,750
Restricted share units vested48,5254,079
Exercise of share options796
Issued under equity stock purchase plan1,854
Repurchase of shares(68,349)
Conversion of Class B ordinary shares to Class A ordinary shares21,400(21,400)
In issue at June 303,973,517117,785
Ordinary shares held as treasury shares16,076
Restricted ordinary shares issued but not fully vested(12,564)
In issue at June 30 – fully paid3,989,593105,221
Authorized49,500,000500,000
Reserves
In March 2026, the Company entered into (i) an accelerated share repurchase ("ASR") agreement and (ii) a contingent forward purchase ("CFP") agreement to repurchase the Company's Class A ordinary shares, as part of its previously announced $500 million share repurchase program authorized by the Board of Directors in February 2026.
As of June 30, 2026, the Company repurchased and retired $191 million of shares under the ASR agreement, with a reduction to accumulated losses. The Company also repurchased $59 million of shares which were designated as treasury shares and classified as a reduction to other reserves within equity. The $150 million of cash delivered under the CFP agreement had been classified as a reduction to other reserves within equity.