Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 337

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 337
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 was determined on the grant date and calculated based on a Monte Carlo simulation, which incorporates the effects of the performance conditions on the fair value. Dividends were not considered separately in the model since the participants are compensated with more shares when dividends are distributed during the vesting period and because the Total Shareholder Return (“ TSR”) performance condition already considers dividends distributed as part of the calculation.

Reconciliation of the capital reserves account:

                                          Amount (US$)                                   
  Description                             2024                                     2022  
  Opening balance – January 01                               2,960      1,495       764  
  Share based incentive plan expense                         7,454      1,465       731  
  Bonus share plan (i)                                      11,627                    —  
  Closing balance – December 31                             22,041      2,960            

(i) During the year ended December 2024, the company entered into a bonus share plan with senior employees providing them with the option to receive bonus payments in cash or equity. Equity settlement will be in the form of Class A common shares. In terms of IFRS 2 - Share-based payments, once the qualifying employees elected to receive cash or equity, the equity portion of the bonus payable is recognized directly in Equity of the company with no vesting conditions attached to the instruments. On December 31, 2024, an estimated amount of US$ 11.6

e. Earnings per share (basic and diluted)

Basic earnings per share have been calculated based on the Group’s consolidated profit for the year attributable to the holders of the Company’s common shares.

Share transactions that affected basic earnings per share

Moneda

On December 4, 2023, an amendment to the Moneda share purchase agreement was executed with Moneda’s former partners who are currently employees of the Group to settle the first installment of deferred consideration with equity through issuance of the Company’s Class A common shares (refer to note 21(b)(i)). On January 10, 2024, 1,879,977

  Patria Investments Limited      F-63  

  Table of Contents  

  Notes to the consolidated financial statements                                             
  As of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022  
  (Amounts in thousands of United States dollars - US$, except where otherwise stated)       
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