Capital Structure

Share Structure

As of May 7, 2024 Shares
Common shares 85,984,756
Stock Options1 24,707
Restricted share units2,3 703,923
Performance share units4 788,727

Capital Structure

As of March 31, 2024 Millions USD
Cash & Short Term Investments $113.2
Debt $0.0
Lease-Related Obligations $44.0
Net Cash (Debt)5 $69.2

1. Each common share option is exercisable into one common share of the Company. As of January 1, 2022, the Company ceased the issuance of new common share options and the plan will be terminated once all outstanding common share options are exercised or have expired.

2. Each restricted share unit is redeemable for one common share of the Company.

3. The balance includes both Restricted Share Units (“RSUs”) and Employee Restricted Share Units (“ERSUs”) issued under the Restricted Share Unit Plan (“RSU Plan”) and the Employee Share Unit (“ESU Plan”), respectively.

4. The number of performance share units that vest is determined by multiplying the number of units granted to the participant by an adjustment factor, which ranges from 0 to 2.0. Therefore, the number of units that will vest and be settled may be higher or lower than the number of units originally granted to a participant. The adjustment factor is based on the Company’s total shareholder return relative to a group of comparable companies over the applicable period. Under the terms of the plan, the Board of Directors is authorized to determine the adjustment factor.

5. Refer to the 'Non-GAAP Financial Performance Measures' in the Company's March 31, 2024 MD&A for further information and a detailed reconciliation

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