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Treasury shares
 12 Months Ended
Dec. 31, 2023
Treasury shares transaction [line items]  
Treasury shares
28. Treasury shares
 
     
 
 Number of
shares
000s
         £m  
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  
Purchase of treasury shares   
 
3,991
 
  
 
35
 
Release of treasury shares   
 
(3,695
) 
  
 
(31
) 
At 31 December 2023
   
 
2,160
 
  
 
19
 
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% (2022: 0.3%) 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 (2022: £0.5m). Dividends on treasury shares are waived.
At 31 December 2023, the market value of Pearson plc treasury shares was £21m (2022: £18m). The gross book value of the shares at 31 December 2023 amounts to £19m (2022: £15m).