Menu Links
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).