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

RelxAnnouncement

29/10/2014 07:49

RNS Number : 7180Q
Reed Elsevier PLC
03 September 2014
ISSUED ON BEHALF OF REED ELSEVIER PLC AND REED ELSEVIER NV
3 September 2014
 
Director/PDMR Shareholding
Following the appointment of Mr Nick Luff as Chief Financial Officer on 1 September 2014, Reed Elsevier announces the following transactions in securities of Reed Elsevier by and in respect of Mr Luff on 2 September 2014:
1. Share purchases
Mr Luff purchased 17,187 Reed Elsevier PLC ordinary shares at a price of 996 pence per share and 12,106 Reed Elsevier NV ordinary shares at a price of 17.6141 per share.
2. Reed Elsevier Group plc Bonus Investment Plan 2010 ("BIP") 
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
Date of vesting of conditional matching shares
32,630
22,870
2017
Vesting of the conditional matching awards is subject to achievement of performance conditions.
3. Reed Elsevier Group plc Long-Term Incentive Plan 2013 ("LTIP")
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
65,656
46,963
2017
Vesting of these awards is subject to achievement of performance conditions. 
4. Reed Elsevier Group plc Executive Share Option Scheme 2013 ("ESOS")
The market price options 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 990pper share
No. of Reed Elsevier NV options over ordinary shares granted with an exercise price of 17.50 per share
Exercisable between
65,656
46,963
2017 - 2024
Vesting of these awards is subject to achievement of performance conditions.
5. Award of performance shares 
The one-off share awards set out below were granted to Mr Luff to compensate him for the forfeiture of awards from his former employer. Full details of these awards were disclosed in the Reed Elsevier PLC Notice of Annual General Meeting 2014, and the Reed Elsevier NV Notice of Annual General Shareholders' Meeting 2014.
No. of Reed Elsevier PLC performance ordinary shares awarded
No. of Reed Elsevier NV performance ordinary shares awarded
Vesting
65,656
46,963
2015
65,656
46,963
2016
The awards of Reed Elsevier PLC shares fall within paragraph 9.4.2(2)R of the UK Listing Rules. The awards of Reed Elsevier NV shares were approved by shareholders at the Annual General Shareholders' Meeting of Reed Elsevier NV held on 23 April 2014.
The Reed Elsevier PLC Notice of Annual General Meeting 2014, the Reed Elsevier NV Notice of Annual General Shareholders' Meeting 2014, and the Reed Elsevier 2013 Directors' Remuneration Report are available to view or download at Reed Elsevier's website www.reedelsevier.com.
- 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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