1st Aug 2005 14:51
Reed Elsevier PLC01 August 2005 ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV 1 August 2005 Interests in shares Reed Elsevier today received notification from Hill Samuel Offshore TrustCompany Limited, the Trustees of the Reed Elsevier Employee Benefit Trust ("theTrust"), that on 29 July 2005 they purchased 1,000,000 Reed Elsevier PLCordinary shares at a price of 525.5155p per share and 1,300,000 Reed Elsevier NVordinary shares at a price of €11.2231 per share. 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 9,777,035 ordinary shares in Reed Elsevier PLC and5,105,414 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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