v3.26.1
OTHER INFORMATION (Tables)
12 Months Ended
Dec. 31, 2025
Other Information  
Disclosure number of share options
                       
    Number of
share options
    Number of restricted Shares     Deferred payments right (USD)  
Total rights as of December 31, 2024     933,233       558,867       8,903,209  
Awarded during the period     1,005,000       -       7,725,000  
Issued during the period     -       (149,639 )     -  
Cash settled during the period     -       (46,511 )     -  
Exercised during the period     -       -       -  
Forfeited during the period     (44,625 )     (41,034 )     (423,598 )
Total rights as of December 31, 2025     1,893,608       321,683       16,204,611  
Vested     1,126,595       179,147       1,744,954 *
Unvested     767,013       142,536       14,459,657  

 

 
* For the beneficiaries who accepted the Amended Existing LTIP, all DPR awards scheduled to vest in 2025 were treated as entirely unvested. Unlike the LTIP, which provided pro-rata vesting for all leavers, the Amended Existing LTIP restricts pro-rata vesting solely to participants meeting the good leaver criteria.

 

12/31/2024

 

    Number of
share options
    Number of restricted Shares     Deferred payments right (USD)  
Total rights as of December 31, 2023     1,031,893       787,874       8,813,162  
Awarded during the period     15,567       7,974       163,458  
Issued during the period     -       (193,275 )     -  
Cash settled during the period     -       (1,529 )     -  
Exercised during the period     -       -       -  
Forfeited during the period     (114,227 )     (42,177 )     (73,411 )
Total rights as of December 31, 2024     933,233       558,867       8,903,209  
Vested     566,326       196,150       5,330,973  
Unvested     366,907       362,717       3,572,236  

 

12/31/2023

 

    Number of
share options
    Number of restricted Shares     Deferred payments right (USD)  
Total rights as of December 31, 2022     903,955       899,918       8,792,426  
Awarded during the period     158,637       81,254       313,242  
Issued during the period     -       (175,944 )     -  
Cash settled during the period     -       (3,084 )     -  
Exercised during the period     -       -       -  
Forfeited during the period     (30,699 )     (14,270 )     (292,506 )
Total rights as of December 31, 2023     1,031,893       787,874       8,813,162  
Vested     388,779       194,804       3,530,831  
Unvested     643,114       593,070       5,282,331  
Disclosure assumptions considering
       
Forecast share price volatility (annualized)     49.06%49.17%  
Expected term (years)     5.00  
Expected dividend yield     0.00%  
Risk-free interest rate     U.S. Sovereign Bond yield  

 

Additionally, the fair value of the equity instruments granted as part of the New LTIP Agreement has been determined using a Black-Scholes simulation valuation model as of each of the grant dates, considering the conditions determined in the New LTIP Agreement, and the following assumptions:

 

Forecast share price volatility (annualized)     50.25%  
Expected term (years)     5.50 to 6.50  
Expected dividend yield     0.00%  
Risk-free interest rate     U.S. Sovereign Bond yield