15th Mar 2006 17:11
Reed Elsevier PLC15 March 2006 ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV 15 March 2006 Interests in shares Reed Elsevier received notification today from Hill Samuel Offshore TrustCompany Limited, the Trustees of the Reed Elsevier Employee Benefit Trust ('theTrust'), that on 14 March 2006 they purchased 1,200,000 Reed Elsevier PLCordinary shares at a price of 533.712p per share and 800,000 Reed Elsevier NVordinary shares at a price of €11.5584 per share. 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 11,963,688 ordinary shares in Reed Elsevier PLC and 6,337,532ordinary 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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