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Treasury shares
 12 Months Ended
Dec. 31, 2021
Text block [abstract]  
Treasury shares
28. Treasury shares
 
    
Number of
shares
000s
     
£m
  
At 1 January 2020
      3,258        24  
Purchase of treasury shares
      1,105        6  
Release of treasury shares
      (3,460 )       (23 ) 
    
 
 
     
 
 
  
At 31 December 2020
      903        7  
Purchase of treasury shares
   
 
2,158
 
   
 
16
 
Newly issued treasury shares
   
 
2,500
 
   
 
1
 
Release of treasury shares
   
 
(3,990
) 
   
 
(12
) 
    
 
 
     
 
 
  
At 31 December 2021
   
 
1,571
 
   
 
12
 
    
 
 
     
 
 
  
The Group holds Pearson plc shares in trust to satisfy its obligations under its restricted share plans (see note 26). These shares, representing 0.2% (2020: 0.1%) of
called-up
share capital, are treated as treasury shares for accounting purposes and have a par value of 25p per share.
 
The nominal value of Pearson plc treasury shares amounts to £0.4m (2020: £0.2m). Dividends on treasury shares are waived.
At 31 December 2021, the market value of Pearson plc treasury shares was £10m (2020: £6m).