XML 39 R29.htm IDEA: XBRL DOCUMENT v3.23.3
Share Capital (Tables)
 9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Schedule of Share Capital
Hamilton Group’s share capital at September 30, 2023 and December 31, 2022, is comprised as follows:

(Expressed in thousands of U.S. Dollars, except share information)
Authorized:
150,000,000 common shares of $0.01 par value each
Issued, outstanding and fully paid:20232022
Class A common shares (2023 and 2022: 30,520,078)
$305 $305 
Class B common shares (2023: 42,658,302 and 2022: 42,042,155)
427 420 
Class C common shares (2023 and 2022: 30,525,626)
305 305 
Total$1,037 $1,030 
Schedule of Activity Related to Common Shares
The following is a summary of the activity related to common shares authorized for the three months ended September 30, 2023 and 2022:
2023
Class AClass BClass CTotal
Common shares - beginning of period53,993,690 50,480,684 30,525,626 135,000,000 
Increase in authorized share capital
— 15,000,000 — 15,000,000 
Common shares - end of period53,993,690 65,480,684 30,525,626 150,000,000 

2022
Class AClass BClass CTotal
Common shares - beginning of period53,993,690 48,984,123 32,022,187 135,000,000 
Share class conversions— 1,496,561 (1,496,561)— 
Common shares - end of period53,993,690 50,480,684 30,525,626 135,000,000 
The following is a summary of the activity related to common shares authorized for the nine months ended September 30, 2023 and 2022:
2023
Class AClass BClass CTotal
Common shares - beginning of period53,993,690 50,480,684 30,525,626 135,000,000 
Increase in authorized share capital
— 15,000,000 — 15,000,000 
Common shares - end of period53,993,690 65,480,684 30,525,626 150,000,000 
2022
Class AClass BClass CTotal
Common shares - beginning of period53,793,690 46,898,612 34,307,698 135,000,000 
Share class conversions200,000 3,582,072 (3,782,072)— 
Common shares - end of period53,993,690 50,480,684 30,525,626 135,000,000 

The following is a summary of the activity related to common shares issued and outstanding for the three months ended September 30, 2023 and 2022:

2023
Class AClass BClass CTotal
Common shares - beginning of period30,520,078 42,638,190 30,525,626 103,683,894 
Director share awards granted— 20,112 — 20,112 
Common shares - end of period30,520,078 42,658,302 30,525,626 103,704,006 

2022
Class AClass BClass CTotal
Common shares - beginning of period30,520,078 40,497,039 32,022,187 103,039,304 
Share class conversions— 1,496,561 (1,496,561)— 
Employee and director share purchases— 22,750 — 22,750 
Director share awards granted— 25,805 — 25,805 
Common shares - end of period30,520,078 42,042,155 30,525,626 103,087,859 
The following is a summary of the activity related to common shares issued and outstanding for the nine months ended September 30, 2023 and 2022:

2023
Class AClass BClass CTotal
Common shares - beginning of period30,520,078 42,042,155 30,525,626 103,087,859 
Vesting of awards— 735,013 — 735,013 
Director share awards granted— 44,892 — 44,892 
Share repurchases— (163,758)— (163,758)
Common shares - end of period30,520,078 42,658,302 30,525,626 103,704,006 

2022
Class AClass BClass CTotal
Common shares - beginning of period30,320,078 37,935,266 34,307,698 102,563,042 
Share class conversions200,000 3,582,072 (3,782,072)— 
Vesting of awards— 580,935 — 580,935 
Employee and director share purchases— 22,750 — 22,750 
Director share awards granted— 25,805 — 25,805 
Share repurchases— (104,673)— (104,673)
Common shares - end of period30,520,078 42,042,155 30,525,626 103,087,859 
The following is a summary of the activity related to common shares authorized for the period October 1, 2023 to December 5, 2023:

2023
Class AClass BClass CUnclassifiedTotal
Common shares - beginning of period53,993,690 65,480,684 30,525,626 — 150,000,000 
Share class conversions(25,348,883)6,856,668 (4,981,397)23,473,612 — 
Common shares - end of period28,644,807 72,337,352 25,544,229 23,473,612 150,000,000 

The following is a summary of the activity related to common shares issued and outstanding for the period October 1, 2023 to December 5, 2023:

2023
Class AClass BClass CTotal
Common shares - beginning of period30,520,078 42,658,302 30,525,626 103,704,006 
IPO shares issued— 6,250,000 — 6,250,000 
Share class conversions(1,875,271)6,856,668 (4,981,397)— 
Exercise of warrants— 271,097 — 271,097 
Common shares - end of period28,644,807 56,036,067 25,544,229 110,225,103