PEARSON PLC | CIK:0000938323 | 3

  • Filed: 4/4/2018
  • Entity registrant name: PEARSON PLC (CIK: 0000938323)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/938323/000119312518106891/0001193125-18-106891-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/938323/000119312518106891/pso-20171231.xml
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  • ifrs-full:DisclosureOfTreasurySharesExplanatory

    28. Treasury shares

     

         Pearson plc  
         Number
    of shares
    000s
        £m  

    At 1 January 2016

         6,705       72  

    Purchase of treasury shares

         3,000       27  

    Release of treasury shares

         (1,986 )      (20 ) 
      

     

     

       

     

     

     

    At 31 December 2016

         7,719       79  

    Purchase of treasury shares

         —       —  

    Release of treasury shares

         (1,725 )      (18 ) 
      

     

     

       

     

     

     

    At 31 December 2017

         5,994       61  
      

     

     

       

     

     

     

    The Group holds Pearson plc shares in trust to satisfy its obligations under its restricted share plans (see note 26). These shares, representing 0.8% (2016: 0.9%) 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 £1.5m (2016: £1.9m) . Dividends on treasury shares are waived.

    At 31 December 2017, the market value of Pearson plc treasury shares was £44m (2016: £63m).