22nd Apr 2005 14:20
Reed Elsevier PLC22 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 19 April and 21 April 2005 they purchased 33,373 ReedElsevier PLC American Depositary Shares ("ADRs") at a prices between $40.2040and $40.5881 per ADR (equivalent to 133,492 Reed Elsevier PLC 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 8,875,473 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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