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COMMON SHARE CAPITAL (Tables) | 12 Months Ended
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Dec. 31, 2020
COMMON SHARE CAPITAL |
Schedule of common share transactions |
|  | Year ended |  | Year ended
|  | December 31, 2020 |  | December 31, 2019
|  | Number of shares |  | Amount |  | Number of shares |  | Amount
|  | (000’s) |  |  |  |  | (000’s) |  |  |
Common shares |  |  |  |  |  |  |  |  |  |
Balance at January 1, |  | 1,253,766 |  | $ | 14,926.2 |  | 1,250,229 |  | $ | 14,913.4
Transfer to contributed surplus on reduction of stated capital(a) |  | — |  |  | (10,473.4) |  | — |  |  | —
Issued under share option and restricted share plans |  | 4,554 |  |  | 20.9 |  | 3,537 |  |  | 12.8
Balance at end of period |  | 1,258,320 |  | $ | 4,473.7 |  | 1,253,766 |  | $ | 14,926.2
Total common share capital |  |  |  | $ | 4,473.7 |  |  |  | $ | 14,926.2
| (a) |  | Effective as of May 6, 2020, the shareholders of the Company approved a resolution to reduce the stated capital account of the common shares, with a resulting addition to contributed surplus.
Schedule of dividends on common shares |
|  |  |  |  | Total
|  | Per share |  | amount
Dividends declared during the periods: |  |  |  |  |  |
Three months ended March 31, 2020 |  | $ | — |  | $ | —
Three months ended June 30, 2020 |  |  | — |  |  | —
Three months ended September 30, 2020 |  |  | 0.03 |  |  | 37.7
Three months ended December 31, 2020 |  |  | 0.03 |  |  | 37.8
Total |  |  |  |  | $ | 75.5
Dividends paid during the periods: |  |  |  |  |  |
Three months ended March 31, 2020 |  | $ | — |  | $ | —
Three months ended June 30, 2020 |  |  | — |  |  | —
Three months ended September 30, 2020 |  |  | — |  |  | —
Three months ended December 31, 2020 |  |  | 0.06 |  |  | 75.5
Total |  |  |  |  | $ | 75.5

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