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Share Based Payment | 12 Months Ended
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Dec. 31, 2019
Disclosure of terms and conditions of share-based payment arrangement [abstract] |
Share Based Payment | # 12 Share Based Payment Share-based payments are quarterly restrictive share issued to the Company’s Non-executive directors for their services and in accordance with appointment letters. Share based payment comprise the following:
Year 2019 | Number of common shares | Number of preferred shares | Share premium | Retained earnings
Non-executive directors’ payment (1) | 17,998 | - | 40 | -
Balance at December 31, 2019 | 17,998 | - | 40 | -
These amounts relate to the shares issued in 2019, not to the shares approved for issuance for the year.
Year 2018 | Number of common shares | Number of preferred shares | Share premium | Retained earnings
Non-executive directors’ payment (1) | 8,797 | - | 50 | -
Balance at December 31, 2018 | 8,797 | - | 50 | -
(1) These amounts relate to the shares issued in 2018, not to the shares approved for issuance for the year.
Year 2017 | Number of common shares | Number of preferred shares | Share premium | Retained earnings
Non-executive directors payment (1) | 2,094 | - | 30 | -
Balance at December 31, 2017 | 2,094 | - | 30 | -
(1) These amounts relate to the shares issued in 2017, not to the shares approved for issuance for the year.

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