19th Feb 2007 15:54
Reed Elsevier PLC19 February 2007 ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV 19 February 2007 Director/PDMR Shareholding Reed Elsevier received notification today from Hill Samuel Offshore TrustCompany Limited, the Trustees of the Reed Elsevier Employee Benefit Trust ('theTrust'), that between 16th and 19th February 2007 they purchased 2,320,000 ReedElsevier PLC ordinary shares at an average price of 635.64p per share and1,530,000 Reed Elsevier NV ordinary shares at an average price of €14.39 pershare. The transaction took place in order to meet the future exercise of entitlementsby employees of Reed Elsevier. Following the transaction, the Trust now holdsan interest in 19,461,829 ordinary shares in Reed Elsevier PLC and 10,764,004ordinary shares in Reed Elsevier NV. The Trust is a discretionary employee benefit trust which may acquire shares 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 shares toemployees on the exercise of awards granted under the said schemes. Executivedirectors of Reed Elsevier PLC and Reed Elsevier NV are, for technicaldisclosure purposes, deemed to be interested in the shares held by the Trust, byvirtue 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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