Capital Structure (Tables)

12 Months Ended

Dec. 31, 2018

Summary of Authorized and Issued Share Capital

The following table provides a summary of the Company’s authorized and issued share capital as at December 31, 2018 and 2017:



	As at December 31, 2018		At December 31, 2017
	Number	$ in Thousands	Number	$ in Thousands
Authorized share capital:
Ordinary Shares 0.15144558¢ per share	969,629,030	1,469	969,629,030	1,469
Non-Voting Shares 0.15144558¢ per share	6,787,880	10	6,787,880	10
Preference Shares 0.15144558¢ per share	100,000,000	152	100,000,000	152
Total authorized share capital		1,631		1,631

Issued share capital:
Issued ordinary shares of 0.15144558¢ per share	59,743,156	90	59,474,085	90
Issued 5.95% Preference Shares of 0.15144558¢ each with a liquidation preference of $25 per share	11,000,000	17	11,000,000	17
Issued 5.625% Preference Shares of 0.15144558¢ each with a liquidation preference of $25 per share	10,000,000	15	10,000,000	15
Total issued share capital		122		122

Summary of Ordinary Shares

The following table summarizes transactions in the Company’s ordinary shares during the years ended December 31, 2018 and 2017:



	Number of Ordinary Shares
	2018	2017
Ordinary shares in issue at the beginning of the year	59,474,085	59,774,464
Ordinary shares issued to employees under the 2013 share incentive plan and/or 2008 share purchase plan	229,318	309,727
Ordinary shares issued to non-employee directors	39,753	38,835
Ordinary shares repurchased	—	(648,941	)
Ordinary shares in issue at the end of the year	59,743,156	59,474,085

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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+ Details