v3.24.2.u1
SHARE-BASED PAYMENTS (Tables)
6 Months Ended
Jun. 30, 2024
Disclosure of terms and conditions of share-based payment arrangement [abstract]  
Summary of number and weighted-average exercise prices of share options
The following table summarizes the activity of share options under the 2019 ESOP during the six months ended June 30, 2024.

Number of
options
Weighted
average
exercise price
Outstanding at January 1, 202411,499,819$9.40 
Granted during the year-$— 
Forfeited during the year(491,955)$10.74 
Exercised during the year-$— 
Outstanding at June 30, 202411,007,864$9.34 
Exercisable at June 30, 2024— — 
The following table summarizes the activity of share options under the 2023 ESOP during the six months ended June 30, 2024.
Number of
options
Weighted
average
exercise price
Outstanding at January 1, 20243,411,636$11.68 
Granted during the year-$— 
Forfeited during the year(25,887)$10.47 
Exercised during the year-$— 
Outstanding at June 30, 20243,385,749$11.69 
Exercisable at June 30, 2024— — 
Summary of fair value of option granted
The inputs used in the measurement of the fair values of equity-settled awards at the respective modification dates and the re-measurement of the fair values of cash-settled awards at the period end dates were as follows:
2019 ESOP:Equity-settled awards

Fair value at
re-measurement dates:
Cash settled awards remeasured fair value at
June 30, 2024
Cash compensation payable of group performance based optionsN/A
$0.22 - $4.92
Fair value of underlying share at re-measurement dates
$13.00 - $18.94
N/A
Exercise price
$7.70 - $12.63
N/A
Expected volatility
39.8% - 44.4%
42.2%
Expected life
1.03 - 5.19 years
0.09 - 1.75 years
Expected dividends0%0%
Risk-free interest rate
4.0% - 4.8%
4.6%
2023 ESOP:Equity-settled awards

Fair value at
re-measurement dates:
Cash settled awards remeasured fair value at
June 30, 2024
Cash compensation payable of group performance based optionsN/A
$0.23 - $3.69
Fair value of underlying share at re-measurement dates
$13.00 - $18.94
N/A
Exercise price
$7.70 - $14.19
N/A
Expected volatility
39.8% - 43.6%
42.2%
Expected life
1.03 - 3.61 years
0.09 - 1.75 years
Expected dividends0%0%
Risk-free interest rate
4.1% - 4.8%
4.6%
Summary of activity in restricted share units and performance share units
The following table summarizes the activity in restricted share units and performance share units for employees and non-employee directors during the six months ended June 30, 2024.

Restricted Share Units
Performance Share Units
Number of
units
Weighted Average
Grant Date Fair Value
Number of
units
Weighted Average
Grant Date Fair Value
Outstanding at January 1, 2024-$- -$- 
Granted during the year1,090,627$13.63 1,993,174$14.56 
Vested during the year-$- -$- 
Forfeited during the year(5,668)$13.64 (6,299)$14.55 
Outstanding at June 30, 20241,084,959$13.63 1,986,875$14.56