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SHARE OPTION PLAN | 6 Months Ended
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Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
SHARE OPTION PLAN | SHARE OPTION PLAN During the six months ended June 30, 2025, 340,000 share options were exercised. The Company issued a total of 47,060 new shares in full satisfaction of the options exercised which had a total intrinsic value of $0.3 million on the day of exercise. The weighted average exercise price of the options exercised was $8.63 per share. In March 2025, the Company awarded a total of 465,000 options to officers, employees and directors, pursuant to the Company’s share option plan. The options have a five-year term and a three-year vesting period and the first options will be exercisable from March 2026 onwards. The initial strike price was $8.39 per share.

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