Reed Elsevier PLC
14 March 2006
14 March 2006
ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV
Director's interests
Reed Elsevier received notification today that the following options were
granted to directors of Reed Elsevier PLC and Reed Elsevier NV on 13 March 2006,
under the Reed Elsevier Group plc Share Option Scheme.
Director No. of Reed Elsevier PLC options No. of Reed Elsevier NV options Exercisable
granted at 530.50p per share granted at €11.47 per share
between
G J A van de Aast 127,662 85,775 2009 - 2016
M H Armour 158,836 106,720 2009 - 2016
Sir Crispin Davis 305,824 205,480 2009 - 2016
E Engstrom 178,895 120,198 2009 - 2016
A Prozes 182,303 122,487 2009 - 2016
P Tierney 175,488 117,908 2009 - 2016
Exercise of the above options is subject to a post grant performance condition,
requiring the achievement of 6% per annum compound growth in adjusted EPS
expressed at constant exchange rates, during the three years following the
grant. There is no re-testing of the three year EPS performance period.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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