27th Apr 2005 15:57
Reed Elsevier PLC27 April 2005 ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV 27 April 2005 Interests in shares This announcement replaces the announcement which was released at 15:37 on 27April 2005 under RNS No. 6120L, which was a duplication of an announcement madepreviously on 22 April 2005. Reed Elsevier received notification yesterday from Hill Samuel Offshore TrustCompany Limited, the Trustees of the Reed Elsevier Employee Benefit Trust ("theTrust"), that on 19 April 2005 they purchased 38,281 Reed Elsevier NV AmericanDepositary Shares ("ADRs") at $29.2144 ADR (equivalent to 76,562 Reed ElsevierNV ordinary shares). The transaction took place in order to meet the future exercise of share optionentitlements by employees of Reed Elsevier. Following the transaction, the Trustnow holds an interest in 8,875,473 ordinary shares in Reed Elsevier PLC and3,856,619 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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