Director/PDMR Shareholding

RNS Number : 6025E

Reed Elsevier PLC

13 May 2013

 



ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV

 

13 May 2013

Director/PDMR Shareholdings

Reed Elsevier announces the following transactions in the securities of Reed Elsevier by its Directors and PDMRs:

1  Share purchases

Between 9 and 13 May 2013, Duncan Palmer, Director purchased 14,645 Reed Elsevier NV ADRs at a price of $33.250937 per ADR, and Henry Udow, PDMR purchased 16,420 Reed Elsevier PLC ordinary shares at 739.7896 pence per share and 4,054 Reed Elsevier PLC ADRs at $46.144531 per ADR.

2  Reed Elsevier Group plc Bonus Investment Plan 2010 ("BIP")

On 9 May 2013, the conditional matching share awards set out below were granted in accordance with the rules of the BIP.

	No. of Reed Elsevier PLC conditional matching ordinary shares awarded	No. of Reed Elsevier NV conditional matching ordinary shares awarded	No. of Reed Elsevier PLC conditional matching ADRs awarded	No. of Reed Elsevier NV conditional matching ADRs awarded	Date of vesting of conditional matching shares/ADRs
Director
Erik Engstrom	-	-	-	48,415	2016
Duncan Palmer	-	-	-	27,649	2016
PDMR
Ian Fraser	28,551	19,497	-	-	2016
Henry Udow	31,174	-	7,658	-	2016

Note: Each Reed Elsevier PLC ADR represents 4 Reed Elsevier PLC ordinary shares and each Reed Elsevier NV ADR represents 2 Reed Elsevier NV ordinary shares.

Vesting of conditional matching awards under the BIP is subject to achievement of performance conditions.

3  Reed Elsevier Group plc Long Term Incentive Plan 2013 ("LTIP")

On 9 May 2013, the performance shares set out below were granted in accordance with the rules of the LTIP.

	No. of Reed Elsevier PLC performance ordinary shares awarded	No. of Reed Elsevier NV performance ordinary shares awarded	Date of vesting of performance shares
Director
Erik Engstrom	178,799	124,337	2016
Duncan Palmer	81,688	56,806	2016
PDMR
Ian Fraser	44,733	31,108	2016
Henry Udow	41,865	29,113	2016

Vesting of these awards is subject to achievement of performance conditions.

4  Reed Elsevier Group plc Executive Share Option Scheme 2013 ("ESOS")

On 9 May 2013, the market price options and conditional share awards set out below were granted in accordance with the rules of the ESOS.

	No. of Reed Elsevier PLC options over ordinary shares granted with an exercise price of 734.50 pence per share	No. of Reed Elsevier NV options over ordinary shares granted with an exercise price of €12.53 per share	No. of Reed Elsevier PLC conditional ordinary shares awarded	No. of Reed Elsevier NV conditional ordinary shares awarded
Director
Erik Engstrom	178,799	124,337	-	-
Duncan Palmer	81,688	56,806	-	-
PDMR
Ian Fraser	17,733	12,332	3,546	2,466
Henry Udow	19,362	13,464	3,872	2,693

Note: The options are exercisable between 2016 and 2023, and the conditional share awards vest in 2016.

Vesting of options awarded to Directors is subject to achievement of performance conditions.

The conditional share awards under the ESOS were granted pursuant to elections by these PDMRs to receive half of their 2013 ESOS award in the form of conditional shares.

- ENDS -

Enquiries

Paul Abrahams (Media)                                     
[phone]                                             

 
Colin Tennant (Investors)

[phone]

 

END

 

 

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