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Notes to the Consolidated Financial Statements

26 Treasury shares

26 Treasury shares
  Pearson plc   IDC   Total
  Number
of shares
000s
£m Number
of shares
000s
£m £m
At 1 January 2005 4,623 105 3,145 27 132
Purchase of treasury shares 626 5 1,407 16 21
At 31 December 2005 5,249 110 4,552 43 153
Purchase of treasury shares 4,700 36 1,500 16 52
Release of treasury shares (1,188) (16) (16)
At 31 December 2006 8,761 130 6,052 59 189

The Group holds its own shares in trust to satisfy its obligations under its restricted share plans (see note 24). These shares are held as treasury shares and have a par value of 25p per share.

IDC hold their own shares in respect of share buy-back programmes. These shares are held as treasury shares and have a par value of $0.01.

The nominal value of Pearson plc treasury shares amounts to £2.2m (2005: £2.1m). The nominal value of IDC treasury shares amounts to £0.3m (2005: £0.3m).

At 31 December 2006 the market value of Pearson plc treasury shares was £67.6m (2005: £36.2m) and the market value of IDC treasury shares was £74.3m (2005: £60.2m).

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