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(Loss)/earnings per share | 12 Months Ended
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Jun. 30, 2022
(Loss)/earnings per share |
(Loss)/earnings per share |
11 | (Loss)/earnings per share
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Loss for the year (£’000) | ​ | (115,510) | ​ | (92,216) | ​ | (23,233)
Basic loss per share (pence) |  | (70.86) |  | (56.60) |  | (14.14)
Diluted loss per share (pence)(1) |  | (70.86) |  | (56.60) |  | (14.14)
​
(i) | Basic loss per share
Basic loss per share is calculated by dividing the loss for the year by the weighted average number of ordinary shares in issue during the financial year.
(ii) | Diluted loss per share
Diluted loss 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.
11 | (Loss)/earnings per share (continued)
(iii) | Weighted average number of shares used as the denominator
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​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 | ​ | 2021 | ​ | 2020
​ | ​ | Number | ​ | Number | ​ | Number
​ |  | ‘000 |  | ‘000 |  | ‘000
Class A ordinary shares |  | 51,952 |  | 41,939 |  | 40,573
Class B ordinary shares |  | 112,732 |  | 122,683 |  | 124,000
Treasury shares | ​ | (1,683) | ​ | (1,683) | ​ | (320)
Weighted average number of ordinary shares used as the denominator in calculating basic loss per share |  | 163,001 |  | 162,939 |  | 164,253
Adjustment for calculation of diluted loss per share assumed conversion into Class A ordinary shares(1) |  | — |  | — |  | —
Weighted average number of ordinary shares and potential ordinary shares used as the denominator in calculating diluted (loss)/earnings per share(1) |  | 163,001 |  | 162,939 |  | 164,253
(1) | For the years ended 30 June 2022, 30 June 2021 and 30 June 2020, potential ordinary shares are anti-dilutive, as their inclusion in the diluted loss per share calculation would reduce the loss per share, and hence have been excluded.

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