Director/PDMR Shareholding

RNS Number : 3754E

Reed Elsevier PLC

08 April 2014

 

ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV

 

8 April 2014

Director/PDMR Shareholdings

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

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

On 7 April 2014, the conditional matching share awards set out below were granted in accordance with the BIP rules.

	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	-	-	-	40,694	2017
PDMR
Ian Fraser	-	32,766	-	-	2017
Henry Udow	25,750	-	6,312	-	2017

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 these awards is subject to achievement of performance conditions.

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

On 7 April 2014, the performance shares set out below were granted in accordance with the LTIP rules.

	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	145,604	102,839	2017
PDMR
Ian Fraser	33,826	23,891	2017
Henry Udow	36,933	26,085	2017

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

 

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

On 7 April 2014, the market price options and conditional share awards set out below were granted in accordance with the ESOS rules.

	No. of Reed Elsevier PLC options over ordinary shares granted with an exercise price of 924.5 pence per share	No. of Reed Elsevier NV options over ordinary shares granted with an exercise price of €15.82 per share	No. of Reed Elsevier PLC conditional ordinary shares awarded	No. of Reed Elsevier NV conditional ordinary shares awarded
Director
Erik Engstrom	145,604	102,839	-	-
PDMR
Ian Fraser	13,010	9,189	2,602	1,837
Henry Udow	14,205	10,033	2,841	2,006

Note: The options are exercisable between 2017 and 2024, and the conditional share awards vest in 2017.

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

The conditional share awards under ESOS were granted pursuant to elections by these PDMRs to receive half of their 2014 ESOS award in the form of conditional shares.

- ENDS -

Enquiries

Paul Abrahams (Media)                                     
[phone]                                             

 
Colin Tennant (Investors)

[phone]

 

END

 

 

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