30th Mar 2007 11:30
Reed Elsevier PLC30 March 2007 ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV 30 March 2007 Director/PDMR Shareholding Reed Elsevier received notification today that Mr Mark Armour, a director ofReed Elsevier PLC and Reed Elsevier NV, undertook the following transactions inthe ordinary shares of Reed Elsevier PLC and Reed Elsevier NV on 29 March 2007: (i) Exercised options over Reed Elsevier PLC shares (52,000options granted in 1997 at 565.75p; 88,202 options granted in 2000 at 436.50p;104,319 options granted in 2003 at 451.50p and 155,147 options granted in 2004at 487.25p); (ii) Exercised options over Reed Elsevier NV shares (61,726options granted in 2000 at €10.73; 74,276 options granted in 2003 at €9.34 and106,536 options granted in 2004 at €10.57); (iii) Sold 100,507 Reed Elsevier PLC ordinary shares, togetherwith the shares acquired as a result of the option exercises referred to in (i)above, at an average price of 607.90p per share; and (iv) Sold 68,630 Reed Elsevier NV ordinary shares, together withthe shares acquired as a result of the option exercises referred to in (ii)above, at an average price of €13.29 per share. As a consequence of these transactions, Mr Armour's interests in Reed Elsevier'sshare capital is now: (i) 100,743 Reed Elsevier PLC ordinary shares; (ii) 39,588 Reed Elsevier NV ordinary shares; (iii) 972,282 options over shares in Reed Elsevier PLC at price ranges between 377.60p and 659p; (iv) 612,204 options over shares in Reed Elsevier NV at price ranges between €10.57 and €14.75; (v) 180,364 restricted shares in Reed Elsevier PLC, vesting between 2008 and 2010; and (vi) 140,613 restricted shares in Reed Elsevier NV, vesting between 2008 and 2010. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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