20th Apr 2005 14:08
Reed Elsevier PLC20 April 2005 ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV Interests in shares Reed Elsevier received notification today from Hill Samuel Offshore TrustCompany Limited, the Trustees of the Reed Elsevier Employee Benefit Trust ("theTrust"), that between 14 April and 18 April 2005 they purchased 347,378 ordinaryshares in Reed Elsevier PLC at a price of 538.3182p per share, 104,498 ordinaryshares in Reed Elsevier NV at a price of €11.3877 per share, 46,987 ReedElsevier PLC American Depositary Shares ("ADRs") at a prices between $40.4206and $40.5964 per ADR (equivalent to 187,948 Reed Elsevier PLC ordinary shares)and 23,418 Reed Elsevier NV ADRs at a price of $29.1074 per ADR (equivalent to46,836 Reed Elsevier NV ordinary shares). The transactions took place in order to meet the future exercise of share optionentitlements by employees of Reed Elsevier. Following the transactions, theTrust now holds an interest in 8,741,981 ordinary shares in Reed Elsevier PLCand 3,780,057 ordinary shares in Reed Elsevier NV. The Trust is a discretionary employee benefit trust which is operated inconjunction with Reed Elsevier's share option schemes, and which provides forthe transfer of shares to employees on the exercise of options granted under thesaid schemes. Executive directors of Reed Elsevier PLC and Reed Elsevier NV are,for technical disclosure purposes, deemed to be interested in the shares held bythe Trust, by virtue of being potential beneficiaries under the Trust. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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