REG - Reed Elsevier PLC - Director/PDMR Shareholdings <Origin Href="QuoteRef">REL.L</Origin>

RelxAnnouncement

07/04/2015 17:50

RNS Number : 5468J
Reed Elsevier PLC
07 April 2015
ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV
7 April 2015
Director/PDMR Shareholdings
Reed Elsevier PLC and Reed Elsevier NV announce the following transactions in their securities by their Directors and PDMRs:
1. RELX Group plc LTIP (Long-Term Incentive Plan 2013)
On 2 April 2015, 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
119,771
82,158
2018
Nick Luff
56,423
38,704
2018




PDMR



Ian Fraser
27,825
19,086
2018
Henry Udow
30,381
20,840
2018
Vesting of these awards is subject to achievement of performance conditions.
2. RELX Group plc BIP (Bonus Investment Plan 2010)
On 2 April 2015, 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
-
-
-
31,732
2018
Nick Luff
28,187
19,194
-
-
2018






PDMR





Ian Fraser
38,493
-
-
-
2018
Henry Udow
21,014
7,155
2,540
-
2018
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.
3. RELX Group plc ESOS (Executive Share Option Scheme 2013)
On 2 April 2015, the market price options and conditional share awards set out below were granted in accordance with the ESOS rules.

No. of Reed Elsevier PLC ordinary shares under option granted with an exercise price of 11.52 per share
No. of Reed Elsevier NV ordinary shares under option
granted with an exercise price of 23.075per share
No. of Reed Elsevier PLC conditional ordinary shares awarded
No. of Reed Elsevier NV conditional ordinary shares awarded
Director




Erik Engstrom
119,771
82,158
-
-
Nick Luff
56,423
38,704
-
-





PDMR




Ian Fraser
10,702
7,341
2,140
1,468
Henry Udow
11,685
8,015
2,337
1,603
Note: The options are exercisable between 2018 and 2025, and the conditional share awards vest in 2018.
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 2015 ESOS award in the form of conditional shares.
4. RELX Group plc Executive Share Option Scheme: Exercise of options and sale of shares
On 2 April 2015, Erik Engstrom exercised options granted on 5 May 2011 to acquire 139,146 Reed Elsevier PLC ordinary shares and 92,953 Reed Elsevier NV ordinary shares at option prices per share of 5.39 and 8.969 respectively. All of the ordinary shares acquired on exercise were sold at the prices shown below.
No. of Reed Elsevier PLC ordinary shares 
No. of Reed Elsevier NV ordinary shares 
Sale price
2,782
-
11.55
136,364
-
11.5189
-
1,859
23.0557
-
91,094
23.0087
Following these transactions, the current interests of Erik Engstrom and Nick Luff in the share capital of Reed Elsevier PLC and Reed Elsevier NV are:

No. of Reed Elsevier PLC ordinary shares
No. of Reed Elsevier NV ordinary shares
Director


Erik Engstrom
127,040
521,556
Nick Luff
67,534
47,616
- ENDS -
Enquiries
Paul Abrahams (Media) 
+44 20 7166 5724 

Colin Tennant (Investors)
+44 20 7166 5751

This information is provided by RNS
The company news service from the London Stock Exchange
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