Just Annual Report and Accounts 2021

JUST GROUP PLC Annual Report and Accounts 2021

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued

10 EMPLOYEE BENEFITS continued Share-based payment expense The share-based payment expense recognised in the Consolidated statement of comprehensive income for employee services receivable during the year is as follows: Year ended 31 December 2021 £m Year ended 31 December 2020 £m Equity-settled schemes 5.0 6.8 Total expense 5.0 6.8 11 EARNINGS PER SHARE The calculation of basic and diluted earnings per share is based on dividing the profit or loss attributable to ordinary equity holders of the Company by the weighted-average number of ordinary shares outstanding, and by the diluted weighted-average number of ordinary shares potentially outstanding at the end of the year. The weighted-average number of ordinary shares excludes shares held by the Employee Benefit Trust on behalf of the Company to satisfy future exercises of employee share scheme awards. Year ended 31 December 2021 Year ended 31 December 2020

Weighted- average number of

Earnings per share pence

Earnings £m

shares million

Earnings £m

shares million

(15.0) (20.4) (35.4)

– –

(Loss)/profit attributable to equity holders of Just Group plc Coupon payments in respect of Tier 1 notes (net of tax)

193.6

– –

(28.1)

(Loss)/profit attributable to ordinary equity holders of Just Group plc (basic)

1,033.7

(3.42)

165.5 1,030.7

16.06

–

Effect of potentially dilutive share options1

–

11.1

(0.17)

Diluted

(35.4)

1,033.7

(3.42)

165.5 1,041.8

15.89

1 The weighted-average number of share options for the year ended 31 December 2021 that could potentially dilute basic earnings per share in the future but are not included in diluted EPS because they would be antidilutive was 21.9 million share options.

12 DIVIDENDS AND APPROPRIATIONS Dividends and appropriations paid in the year were as follows:

Year ended 31 December 2021 £m

Year ended 31 December 2020 £m

– –

Dividends paid on the vesting of employee share schemes

0.1 0.1

Total dividends paid

25.2 25.2

Coupon payments in respect of Tier 1 notes1 Total distributions to equity holders in the period

28.1 28.2

1 Coupon payments on Tier 1 notes are treated as an appropriation of retained profits and, accordingly, are accounted for when paid.

Subsequent to 31 December 2021, the Directors proposed a final dividend for 2021 of 1.0 pence per ordinary share (2020: nil), amounting to £10m (2020: £nil) in total. Subject to approval by shareholders at the Company’s 2022 AGM, the final dividend will be paid on 17 May 2022 to shareholders on the register of members at the close of business on 22 April 2022, and will be accounted for as an appropriation of retained earnings in year ending 31 December 2022.

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