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COMMON SHARE CAPITAL (Tables)
12 Months Ended
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