Share based compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share based compensation [Abstract]

Share-based Compensation Plans Outstanding

The following table summarizes the share option awards outstanding as of December 31, 2022 and 2021:

	Average exercise price per share in USD		Number of awards		Weighted average remaining life in years
At December 31, 2020		—		—		—
Granted		15.80		157,187		7.62
At December 31, 2021		15.80		157,187		7.62
Granted		14.10		304,409		7.41
At December 31, 2022		15.32		461,596		7.14

Weighted-average Assumptions

The fair values of the options granted during the years ended December 31, 2022 and 2021 were determined on the date of the grant using the following assumptions:

	Year ended December 31, 2022			Year ended December 31, 2021
Share price, in USD		9.46 - 19.42			15.00 - 23.74
Strike price, in USD – employees (weighted average)		14.10			18.45
Strike price, in USD – non-executive directors		—			2.05
Expected volatility		87% - 92	%		90% - 95	%
Award life (weighted average)		6			5.95
Expected dividends		—			—
Risk-free interest rate		1.74% - 3.69	%		0.97% - 1.25	%