Quarterly report pursuant to Section 13 or 15(d)

EQUITY

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EQUITY
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
EQUITY EQUITY
The Company’s authorized share capital is $4,100.0 million, consisting of 4.0 billion Ordinary Shares with a nominal value of $1.00 per share and 10.0 million Redeemable Preferred Shares with a nominal value of $10.00 per share. Each Ordinary Share entitles the holder thereof to one vote.
Due to the fact that the Redeemable Preferred Shares are mandatorily redeemable, the Redeemable Preferred Shares are classified as a liability on the accompanying unaudited condensed consolidated balance sheets.
As of March 31, 2022, there were 163,234,542 Ordinary Shares, 33,843,440 warrants and 10,000,000 Redeemable Preferred Shares issued and outstanding and the Company had not made any repurchases under its share repurchase plan.