Pearson

Annual Report and Accounts 2010

Notes to the consolidated financial statements

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28. Treasury shares

Pearson plc Interactive Data Total
Number of shares 000s £m Number of shares 000s £m £m
At 1 January 2009 10,448 112 9,205 110 222
Purchase of treasury shares 2,200 13 1,280 20 33
Release of treasury shares (2,983) (29) (29)
At 31 December 2009 9,665 96 10,485 130 226
Purchase of treasury shares 8,000 77 77
Release/cancellation of treasury shares (3,656) (36) (10,485) (130) (166)
At 31 December 2010 14,009 137 137

The Group holds Pearson plc shares in trust to satisfy its obligations under its restricted share plans (see note 26). These shares, representing 1.7% (2009: 1.2%) 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 £3.5m (2009: £2.4m).

At 31 December 2010 the market value of Pearson plc treasury shares was £141.2m (2009: £86.1m).