- Notes will continue to trade in NYSE Bond System
25 May 2010
Reed Elsevier Capital Inc. (“RECI”) today announced its plan to delist certain series of its outstanding notes from the New York Stock Exchange (the “NYSE”). RECI intends to withdraw its 7.750% Notes due 2014 (NYSE: RUK14), its 8.625% Notes due 2019 (NYSE: RUK19) and its 6.750% Notes due 2011 (NYSE: RUK11) collectively, the “Notes” from listing on the NYSE. RECI plans to file a Notification of Removal from Listing on Form 25 with the Securities and Exchange Commission on or about June 9, 2010. The delisting of the Notes will be effective 10 days after the Form 25 filing.
RECI’s decision follows a recent determination by the NYSE to charge an annual fee for the listing of corporate bonds. Reed Elsevier PLC and Reed Elsevier NV, which are guarantors of the Notes, are NYSE listed companies and the Notes will therefore continue to be quoted and traded on the NYSE Bond System.
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About Reed Elsevier
Reed Elsevier is a world leading publisher and information provider targeting the science and medical, legal and risk management, and business to business sectors. We provide high value and flexible information solutions to professional users, with increasing emphasis on internet delivery. Reed Elsevier employs around 32,000 people. In February 2010, Reed Elsevier reported revenues for 2009 of £6,071/€6,800m. Reed Elsevier Group plc is owned equally by two parent companies, Reed Elsevier PLC and Reed Elsevier NV. Their shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RUK and ENL.