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Earnings per share | 6 Months Ended
--- | ---
Dec. 31, 2019
Earnings per share |
Earnings per share | 12 Earnings per share
|  | Three months ended |  | Six months ended
|  | 31 December |  | 31 December
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Profit for the period (£’000) |  | 35,007 |  | 26,770 |  | 36,135 |  | 33,416
Basic earnings per share (pence) |  | 21.27 |  | 16.27 |  | 21.96 |  | 20.31
Diluted earnings per share (pence) |  | 21.25 |  | 16.26 |  | 21.94 |  | 20.29
(i)Basic Basic earnings per share is calculated by dividing the profit for the period by the weighted average number of ordinary shares in issue during the period. (ii)Diluted Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares in issue during the year to assume conversion of all dilutive potential ordinary shares. The Company has one category of dilutive potential ordinary shares: share awards pursuant to the 2012 Equity Incentive Plan (the “Equity Plan”). Share awards pursuant to the Equity Plan are assumed to have been converted into ordinary shares at the beginning of the financial year, or, if later, the date of issue of the potential ordinary shares. (iii)Weighted average number of shares used as the denominator
|  | Three months ended |  | Six months ended
|  | 31 December |  | 31 December
|  | 2019 |  | 2018 |  | 2019 |  | 2018
|  | Number |  | Number |  | Number |  | Number
|  | ‘000 |  | ‘000 |  | ‘000 |  | ‘000
Class A ordinary shares (thousands) |  | 40,573 |  | 40,526 |  | 40,573 |  | 40,526
Class B ordinary shares (thousands) |  | 124,000 |  | 124,000 |  | 124,000 |  | 124,000
Weighted average number of ordinary shares used as the denominator in calculating basic earnings per share |  | 164,573 |  | 164,526 |  | 164,573 |  | 164,526
Adjustment for calculation of diluted earnings per share assumed conversion into Class A ordinary shares |  | 173 |  | 137 |  | 164 |  | 137
Weighted average number of ordinary shares and potential ordinary shares used as the denominator in calculating diluted earnings per share |  | 164,746 |  | 164,663 |  | 164,737 |  | 164,663

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 33 -IssueDate 2019-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=33&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IAS33_g70-73A_TI -URIDate 2019-03-27 + Details
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- References No definition available. + Details
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