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Treasury shares
12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Treasury shares
28. Treasury shares
 
     
     
    Number of
shares
000s
   
              £m
 
     
At 1 January 2021
  
 
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
 
     
Purchase of treasury shares
  
 
4,513
 
 
 
37
 
     
Release of treasury shares
  
 
(4,220
 
 
(34
     
At 31 December 2022
  
 
1,864
 
 
 
15
 
The Group holds Pearson plc shares in trust to satisfy its obligations under its restricted share plans (see note 26). These shares, representing 0.3% (2021: 0.2%) 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 £0.5m (2021: £0.4m). Dividends on treasury shares are waived.
At 31 December 2022, the market value of Pearson plc treasury shares was £18m (2021: £10m).