Disclosure of terms and conditions of share-based payment arrangement [abstract]

Summary of Weighted Average Exercise Prices and Movements in Warrants

The following table specifies the number and weighted average exercise prices of, and movements, in warrants during the year:


	Total Warrants			Weighted Average Exercise Price EUR
Outstanding at January 1, 2020		5,820,211			46.36
Granted during the year		1,485,931			137.57
Exercised during the year (1)		(905,395	)		30.56
Forfeited during the year		(252,743	)		64.99
Outstanding at December 31, 2020		6,148,004			69.97
Vested at the reporting date		3,044,827			37.29
Granted during the year		1,445,981			122.03
Exercised during the year (1)		(312,296	)		38.43
Forfeited during the year		(196,616	)		119.58
Outstanding at December 31, 2021		7,085,073			80.30
Vested at the reporting date		4,022,011			52.63
Granted during the year		357,092			100.40
Exercised during the year (1)		(214,613	)		21.83
Forfeited during the year		(363,541	)		123.62
Outstanding at December 31, 2022		6,864,011			81.30
Vested at the reporting date		4,972,026			66.34

(1)

The weighted average share price (listed in $) at the date of exercise was €113.60, €124.62 and €128.32 for the years ended December 31, 2022, 2021 and 2020, respectively.

Summary of Fair Values for Warrant Grants

The following table summarizes the input to the Black-Scholes Option Pricing model and the calculated fair values for warrant grants in 2022, 2021 and 2020:


		2022			2021			2020
Expected volatility		48-49	%		48 – 49	%		52 – 55	%
Risk-free interest rate		(0.08) - 2.54	%		(0.54)–(0.27)	%		(0.93)–(0.32)	%
Expected life of warrants (years)		6.0			6.0			5.05 – 7.10
Weighted average exercise price	€	100.40		€	122.03		€	137.57
Fair value of warrants granted in the year	€	36.55 - 60.85		€	45.91 – 64.28		€	48.43 – 75.77