24th Apr 2006 15:40
Reed Elsevier PLC24 April 2006 ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV 24 April 2006 Interests of directors or other persons discharging managerial responsibilities Reed Elsevier received today notification from Hill Samuel Offshore TrustCompany Limited, the Trustees of the Reed Elsevier Employee Benefit Trust ("theTrust") that the Trust now holds an interest in 14,412,039 ordinary shares inReed Elsevier PLC and 7,732,332 ordinary shares in Reed Elsevier NV. The Trust purchased the following shares on 21 April 2006 in order to satisfythe future vesting of awards under Reed Elsevier's share incentive plans:- 1,909,093 Reed Elsevier PLC ordinary shares at 545.8991p per share; 1,257,054 Reed Elsevier NV ordinary shares at €12.0289 per share. 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 awards 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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