Director/PDMR Shareholding
Reed Elsevier PLC
09 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 Offshore
Trust Company Limited, the Trustees of the Reed Elsevier Employee Benefit Trust
('the Trustees'), that between 7-8 April 2008 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 also 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/
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 - 749,876 386,940
Davis
Mark Armour 14,829 10,014 25,291 16,993 115,751 53,478
Gerard van - 18,183 - 30,856 109,018 127,661
de Aast
Erik - 8,933(1) - 15,159(1) 69,592 211,760
Engstrom
Andrew 11,944 8,093 20,030 13,505 216,837 158,320
Prozes
(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
PDMR
Nick 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 share
Reed Elsevier NV ordinary shares €12.3592 per share
Reed Elsevier NV ADRs $38.9707 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 8% per annum
compound during the three years 2008-2010.
This information is provided by RNS
The company news service from the London Stock Exchange SFWUSASEEL