XML 426 R17.htm IDEA: XBRL DOCUMENT

Loss per share

12 Months Ended

Jun. 30, 2023

11	Loss per share


	2023	2022	2021
Loss for the year (£’000)	(28,678)	(115,510)	(92,216)
Basic loss per share (pence)	(17.59)	(70.86)	(56.60)
Diluted loss per share (pence)⁽¹⁾	(17.59)	(70.86)	(56.60)

(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.

(iii)

Weighted average number of shares used as the denominator


	2023	2022	2021
	Number	Number	Number
	‘000	‘000	‘000
Class A ordinary shares	54,537	51,952	41,939
Class B ordinary shares	110,208	112,732	122,683
Treasury shares	(1,683)	(1,683)	(1,683)
Weighted average number of ordinary shares used as the denominator in calculating basic loss per share	163,062	163,001	162,939
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 per share⁽¹⁾	163,062	163,001	162,939

(1)	For the years ended 30 June 2023, 30 June 2022 and 30 June 2021, 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.