Company: ASC
Filing Date: 2025-03-07
Form Type: 20-F
Source: 0001558370-25-002500
Chunk: 195

Company: Ardmore Shipping Corp
Filing Date: 2025-03-07
Form: 20-F
Item: Item 19
Chunk 195
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2  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────
  Marshall Islands statutory income tax rate                                   0.00      0.00      0.00  
  Income subject to tax in other jurisdictions                                 0.16      0.37      0.15  
  Effective tax rate                                                           0.16      0.37      0.15  

13. Net income per share and common dividends

Basic and diluted net income per share is calculated by dividing the net income available to common shareholders by the average number of common shares outstanding during the periods. Diluted net income per share is calculated by adjusting the net income available to common shareholders and the weighted average number of common shares used for calculating basic income per share for the effects of all potentially dilutive shares. Such dilutive common shares are excluded when the effect would be to increase earnings per share or reduce a loss per share.

                                                                         For the years ended December 31                            
  In thousands of U. S. Dollars and shares, except per share amount                                 2024         2023         2022  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net income attributable to common stockholders                                                 128,607      113,408      135,054  
  Weighted average shares - Basic                                                                 41,656       41,130       37,236  
  Weighted average shares - Diluted                                                               42,042       41,822       38,360  
  Basic net income per share                                                                        3.09         2.76         3.63  
  Diluted net income per share                                                                      3.06         2.71         3.52  

For the year ended December 31, 2024, noSARs were outstanding (2023: 176,360, 2022: 532,642) and370,364RSUs (2023: 716,452, 2022: 908,209) were outstanding. For the year ended December 31, 2024, there wereno anti-dilutiveSARs and RSUs. 131,895SARs at an exercise price of $9.20and89,042RSUs were not included in the computation of the net income per share for the year ended December 31, 2022 as their impact was anti-dilutive.

During the year