18th Dec 2006 15:40
Reed Elsevier PLC18 December 2006 18 December 2006 ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV Director/PDMR Shareholding Reed Elsevier has received notification that Mr Patrick Tierney, a director ofReed Elsevier PLC and Reed Elsevier NV, exercised on 15 December 2006 an optiongranted to him under the Reed Elsevier Group plc Executive Share Option Schemeover 25,000 Reed Elsevier PLC ordinary shares at an option price of 451.50p pershare, and 16,000 Reed Elsevier NV ordinary shares at an option price of €9.34per share. Mr Tierney retained all of the shares following exercise. As a consequence of the above transaction, the interest of Mr Tierney in theissued share capital of Reed Elsevier has increased to the equivalent of: 72,212 ordinary shares in Reed Elsevier PLC; and48,090 ordinary shares in Reed Elsevier NV. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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