Relx PLC — Director's Dealing 2015

Apr 7, 2015

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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 €23.075 per 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

END

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