Director/PDMR Shareholding
Reed Elsevier PLC
11 April 2007
ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV
11 April 2007
Interests of directors or other persons discharging managerial
responsibilities
Reed Elsevier received notification today from Hill Samuel Offshore Trust
Company Limited, the Trustees of the Reed Elsevier Employee Benefit Trust ('the
Trustees'), that between 4-5 April 2007 the Trustees purchased on behalf of 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 plc Bonus
Investment Plan. As a consequence of these purchases, the directors received
matching awards over the number of shares/ADRs noted in the table below.
Following these transactions their interests in the share capital of Reed
Elsevier 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/
ADRs(1) purchased ADRs(1) purchased ADRs(1) matching ADRs(1) matching interest in interest in
on behalf of the on behalf of the award award Reed Elsevier Reed Elsevier
director director PLC ordinary NV ordinary
shares shares
Sir Crispin 43,771 __ 74,708 __ 787,577 445,197
Davis
Mark Armour 11,635 7,873 19,859 13,371 112,378 47,461
Gerard van __ 17,654 __ 29,483 121,704 119,408
de Aast
Erik __ 8,805(1) __ 13,786(1) 69,047 193,190
Engstrom
Andrew 3,605(1) 4,877(1) 5,387(1) 7,287(1) 230,981 169,334
Prozes
Patrick 1,224(1) 1,655(1) 2,003(1) 2,710(1) 141,248 95,334
Tierney
The ordinary shares purchased by the directors were at the following prices:
Reed Elsevier PLC ordinary shares 615.2961p per share
Reed Elsevier NV ordinary shares €13.47 per share
Reed Elsevier PLC ADRs $48.8673 per ADR
Reed Elsevier NV ADRs $36.1245 per ADR
The Reed Elsevier Group plc Bonus Investment Plan permits directors and other
senior executives to invest up to one half of their annual bonus in shares in
the company, and receive an equivalent award of nil cost restricted shares from
Reed Elsevier Group plc. The matching awards under the Plan vest after three
years, subject to the participant retaining the shares which they have purchased
under the Plan for a period of three years. In addition, in order for the
matching award to vest, growth in the average of the Reed Elsevier PLC and Reed
Elsevier NV adjusted EPS at constant currencies must exceed 6% per annum
compound during the three years 2007-2009.
This information is provided by RNS
The company news service from the London Stock Exchange