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Earnings per share

6 Months Ended

Jun. 30, 2022

10. Earnings per share

Basic EPS

The calculation of basic EPS is as follows:


	Six months ended 30 June 2022	Six months ended 30 June 2021
Earnings1 (£ million)	257.9	252.7
Weighted average shares used in basic EPS calculation (million)	1,115.2	1,211.9
EPS	23.1p	20.9p

Note

1Earnings is equivalent to profit for the period attributable to equity holders of the parent.

Diluted EPS

The calculation of diluted EPS is as follows:


	Six months ended 30 June 2022	Six months ended 30 June 2021
Diluted earnings (£ million)	257.9	252.7
Weighted average shares used in diluted EPS calculation (million)	1,137.8	1,229.0
Diluted EPS	22.7p	20.6p

10. Earnings per share (continued)

A reconciliation between the shares used in calculating basic and diluted EPS is as follows:


	Six months ended 30 June 2022	Six months ended 30 June 2021
	m	m
Weighted average shares used in basic EPS calculation	1,115.2	1,211.9
Dilutive share options outstanding	1.4	0.8
Other potentially issuable shares	21.2	16.3
Weighted average shares used in diluted EPS calculation	1,137.8	1,229.0

At 30 June 2022 there were 1,162,563,018 (30 June 2021: 1,270,102,274) ordinary shares in issue, including treasury shares of 70,489,953 (30 June 2021: 70,489,953).