9th Apr 2008 17:22
Reed Elsevier PLC09 April 2008 ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV 9 April 2008 Director/PDMR Shareholding Reed Elsevier received notification on 8 April 2008 from Hill Samuel OffshoreTrust Company Limited, the Trustees of the Reed Elsevier Employee Benefit Trust("the Trustees"), that between 7-8 April 2008 the Trustees purchased on behalfof the directors of Reed Elsevier PLC and Reed Elsevier NV the number of shares/ADRs noted in the table below, under the terms of the Reed Elsevier Group plcBonus Investment Plan. As a consequence of these purchases, the directorsreceived matching awards over the number of shares/ADRs also noted in the tablebelow. Following these transactions their interests in the share capital of ReedElsevier PLC and Reed Elsevier NV is as noted below. Director Reed Elsevier PLC Reed Elsevier NV Reed Elsevier PLC Reed Elsevier NV Current Current ordinary shares ordinary shares/ ordinary shares ordinary shares/ purchased on ADRs(1) purchased matching award ADRs(1) matching interest in interest in behalf of the on behalf of the award Reed Elsevier Reed Elsevier director director PLC ordinary NV ordinary shares shares Sir Crispin 56,423 - 96,227 - 749,876 386,940DavisMark Armour 14,829 10,014 25,291 16,993 115,751 53,478Gerard van - 18,183 - 30,856 109,018 127,661de AastErik - 8,933(1) - 15,159(1) 69,592 211,760EngstromAndrew 11,944 8,093 20,030 13,505 216,837 158,320Prozes (1) denotes the purchase/award of an ADR PDMR Reed Elsevier PLC Reed Elsevier NV Reed Elsevier PLC Reed Elsevier NV ordinary shares ordinary shares/ ordinary shares ordinary shares/ purchased on ADRs(1) purchased matching award ADRs(1) matching behalf of the PDMR on behalf of the award PDMRNick Baker 13,077 - 22,301 - Ian Fraser 21,419 - 36,530 - (1) denotes the purchase/award of an ADR The purchases by the Directors/PDMRs were at the following prices: Reed Elsevier PLC ordinary shares 658.5545p per shareReed Elsevier NV ordinary shares €12.3592 per shareReed Elsevier NV ADRs $38.9707 per ADR The Reed Elsevier Group plc Bonus Investment Plan permits directors and othersenior executives to invest up to one half of their annual bonus in shares inthe company, and receive an equivalent award of nil cost restricted shares fromReed Elsevier Group plc. The matching awards under the Plan vest after threeyears, subject to the participant retaining the shares which they have purchasedunder the Plan for a period of three years. In addition, in order for thematching award to vest, growth in the average of the Reed Elsevier PLC and ReedElsevier NV adjusted EPS at constant currencies must exceed 8% per annumcompound during the three years 2008-2010. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Relx