Reed Elsevier PLC
19 February 2007
ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV
19 February 2007
Director/PDMR Shareholding
Reed Elsevier received notification today from Hill Samuel Offshore Trust
Company Limited, the Trustees of the Reed Elsevier Employee Benefit Trust ('the
Trust'), that between 16th and 19th February 2007 they purchased 2,320,000 Reed
Elsevier PLC ordinary shares at an average price of 635.64p per share and
1,530,000 Reed Elsevier NV ordinary shares at an average price of €14.39 per
share.
The transaction took place in order to meet the future exercise of entitlements
by employees of Reed Elsevier. Following the transaction, the Trust now holds
an interest in 19,461,829 ordinary shares in Reed Elsevier PLC and 10,764,004
ordinary shares in Reed Elsevier NV.
The Trust is a discretionary employee benefit trust which may acquire shares in
Reed Elsevier PLC and Reed Elsevier NV by means of market purchases on the
appropriate Stock Exchange. The Trust is operated in conjunction with Reed
Elsevier's share incentive schemes, and provides for the transfer of shares to
employees on the exercise of awards granted under the said schemes. Executive
directors of Reed Elsevier PLC and Reed Elsevier NV are, for technical
disclosure purposes, deemed to be interested in the shares held by the Trust, by
virtue of being potential beneficiaries under the Trust.
This information is provided by RNS
The company news service from the London Stock Exchange
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