Director/PDMR Shareholding

RNS Number : 4753H

Reed Elsevier PLC

22 February 2010

 



ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV

22 February 2010

PDMR Shareholding

Reed Elsevier received notification today, that following the vesting of the share awards noted below, granted in February 2007 under the Reed Elsevier Group plc Retention Share Plan, and after taking account of shares withheld to meet personal tax and social security obligations, the number of ordinary shares noted below were released on 18 February 2010 to the PDMRs, who are not Directors of Reed Elsevier.

The closing  market price of each share on the date of vesting was 486.70p per Reed Elsevier PLC share and €8.522 per Reed Elsevier NV share.

PDMR	Number of Reed Elsevier PLC shares vested	Number of Reed Elsevier NV shares vested	Number of Reed Elsevier PLC shares released	Number of Reed Elsevier NV shares released
Julian Ashworth	2,227	1,471	1,313	867
Keith Jones	6,720	4,438	3,964	2,618
Mike Rusbridge	8,727	5,764	5,148	3,400

The ordinary shares required to meet the above releases have been satisfied from the Reed Elsevier Employee Benefit Trust (the "Trust").  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 vesting of awards granted under the said schemes.

 

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