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Share-based payments (Tables)
12 Months Ended
Dec. 31, 2022
Share-based payments  
Schedule of share-based options granted

No. of options

Vesting

Vesting

Type of options

    

Grant Date

    

outstanding

    

period

    

conditions

ESOP options

November 2021, depending on the employee

2,330,000*

2021 – 2026

Service condition

LTIP - Modified Class B complex vesting options

January 1, 2019

4,267,454*

2022-2026

Service condition, non-market performance condition

LTIP - Modified complex conditional upon listing

November 18, 2020

20,000*

2021

Service condition, non-market performance condition

Total share options granted as at December 31, 2022

 

6,617,454

 

 

*

Options granted refer to GDEV Inc. shares

Schedule of share-based payments expense

2022

2021

2020

Class B complex vesting

 

702

 

216

 

2,146

Complex conditional upon listing

 

 

930

 

130

Employee stock option plan

3,049

2,615

Total recorded expenses

 

3,751

 

3,761

 

2,276

therein recognized:

 

  

 

  

 

  

within Game operation cost

 

121

 

234

 

1,073

within Selling and marketing expenses

242

467

within General and administrative expenses

 

3,388

 

3,060

 

1,203

Schedule of actual number of shares held and outstanding

    

Number of

    

Percentage of

 

Ordinary Shares

Ordinary Shares

 

Kismet’s public shareholders

 

3,188,758

 

1.6

%

Sponsor

 

11,750,000

 

6.0

%

Nexters Global shareholders

 

176,584,343

 

89.9

%

PIPE investors

 

5,000,000

 

2.5

%

Total

 

196,523,101

 

100

%

Schedule of calculation of share listing expense

    

Number of Shares

    

Amount

Kismet's existing public shareholders

 

3,188,758

 

  

Sponsor

 

11,750,000

 

  

PIPE investors

 

5,000,000

 

  

Total GDEV Inc. Shares issued to Kismet shareholders

 

19,938,758

 

  

Market value per share at August 27, 2021

 

US$ 10.6684

 

  

Fair value of shares issued

 

 

212,715

Net assets of Kismet at August 27, 2021

 

 

111,286

Effect of accounting for fair value of warrants

 

 

(24,009)

Net assets of Kismet at August 27, 2021 including effect of fair value of warrants2

 

  

 

87,277

Difference - being IFRS 2 charge for listing services

 

125,438

Class A share-based payments  
Share-based payments  
Schedule of movement of the share options, related fair values ("FV") at grant dates and actual vesting

    

Employee

    

Class B complex

    

Class B complex

    

Complex

stock

vesting - related to

vesting - related to

conditional upon

option

Nexters Global Ltd

GDEV Inc.

listing - related to

plan

shares

shares

GDEV Inc. shares

Outstanding at the beginning of 2021 (units)

 

500

 

100,000

Granted during the period (units)

 

2,330,000

 

0

Modification of options (units)

 

(500)

4,414,608

 

Exercised and forfeited during the period (units)

 

 

(80,000)

Outstanding at the end of 2021 (units)

 

2,330,000

4,414,608

 

20,000

Forfeited

(147,154)

Outstanding at the end of 2022 (units)

 

2,330,000

4,267,454

 

20,000

Stock options granted in 2021  
Share-based payments  
Schedule of fair value per one option and related assumptions used to estimate the fair value of our options at the grant date

Evaluation date (grant date)

    

November 16-30, 2021

 

Vesting period

 

60-90 months, depending on the employee

Share market price, US$

 

From 7.86 to 8.71  

Strike (exercise) price, US$

 

0 or 10 depending on the grant  

Expected volatility

 

36.15-37.88%

Dividend yield

 

0.0%

Risk-free interest rate

 

1.18-1.27%

Average grant-date FV of one option, US$

 

3.57  

Modification of complex options  
Share-based payments  
Schedule of fair value per one option and related assumptions used to estimate the fair value of our options at the grant date

Evaluation date (grant date)

    

January 1, 2019

 

Equity value, US$ mln

 

132

Expected volatility

 

41.00

%

Dividend yield

 

6.80

%

Proxy net income indicator

 

0.041201

Discount for Lack of Marketability*

 

8.40

%

Total FV for 1,300 complex options**

 

7,856.12

*- applied to the result of fair value estimation.

**- total FV of 1,300 complex options related to Nexters Global shares that in November of 2021 were modified into 4,414,608 complex options related to the shares in GDEV Inc.

Complex vesting conditional upon listing  
Share-based payments  
Schedule of fair value per one option and related assumptions used to estimate the fair value of our options at the grant date

    

November 18,

November 18,

 

Evaluation date (grant date)

2020

    

2020

 

Vesting period

 

12 months

 

8 months

Market price, US$

 

9.91

9.91

Strike price, US$

 

10.00

10.00

Expected volatility

 

34.8

%

34.8

%

Dividend yield

 

0.0

%

0.0

%

Risk-free interest rate

 

0.11

%

0.11

%

Discount for Lack of Marketability

 

not applicable

 

not applicable

FV of option, US$

 

1.34

1.11

Schedule of share-based payments expense

    

2022

    

2021

    

2020

Expenses in relation to fulfilled condition

930

130

Total recorded expenses

 

930

 

130