16th Apr 2008 17:56
Reed Elsevier PLC16 April 2008 ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV 16 April 2008 Director/PDMR Shareholding Reed Elsevier received notification from the Trustees of the Reed ElsevierEmployee Benefit Trust today that, following the vesting of the share awardsnoted below on 14 April 2008, granted in April 2005 under the Reed ElsevierGroup plc Bonus Investment Plan, and after taking account of shares withheld tomeet personal tax and social security obligations, the number of securitiesnoted below were released to the directors. Following these transactions, the current interest of each director in theordinary share capital of Reed Elsevier PLC and Reed Elsevier NV is as notedbelow. Director No. of Reed No. of Reed No. of Reed No. of Reed Current Current Elsevier PLC Elsevier NV Elsevier PLC Elsevier NV ordinary shares/ ordinary shares/ ordinary shares/ ordinary shares/ interest in interest in ADRs* ADRs* ADRs* ADRs* Reed Elsevier Reed PLC ordinary Elsevier NV vested vested released released shares ordinary shares Sir Crispin 86,042 - 50,764 - 800,640 386,940DavisMark Armour 21,861 15,098 12,897 8,907 128,648 62,385Gerard van - 26,347 - 15,808 109,018 143,469de AastAndrew 5,939* 8,261* 3,563* 4,956* 231,089 168,232ProzesErik 3,505* - 2,067* - 77,860 211,760Engstrom * denotes vesting/release of ADRs PDMR No. of Reed Elsevier No. of Reed Elsevier PLC ordinary shares PLC ordinary shares vested released Nick Baker 19,086 11,260 The market price of each security at the date of release was 647p (Reed ElsevierPLC ordinary share), €12.02 (Reed Elsevier NV ordinary share), $51.20 (ReedElsevier PLC ADR), and $38.15 (Reed Elsevier NV ADR). The ordinary shares and ADRs required to fulfil the above releases have beensatisfied from the Reed Elsevier Employee Benefit Trust (the "Trust"). TheTrust is a discretionary employee benefit trust which may acquire securities inReed Elsevier PLC and Reed Elsevier NV by means of market purchases on theappropriate Stock Exchange. The Trust is operated in conjunction with ReedElsevier's share incentive schemes, and provides for the transfer of securitiesto employees on the exercise of awards granted under the said schemes. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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