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).