Business Context and Reporting Period
This Form 6-K is a joint report filed by Reed Elsevier PLC and Reed Elsevier NV (collectively, the Registrants) on May 13, 2003. The filing serves as a notification to the London Stock Exchange regarding a specific corporate action involving the company's Employee Benefit Trust.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a notification of a share purchase event and does not contain financial statements or performance data.
Material Changes
The material event disclosed is the purchase of shares in Reed Elsevier PLC and Reed Elsevier NV by the Trustees of the Reed Elsevier Employee Benefit Trust. No comparative financial changes are reported in this filing.
Guidance, Outlook, and Risks
The filing contains no management commentary, future guidance, risk factors, or discussion of contingencies. The scope is limited strictly to the notification of the share purchase by the Employee Benefit Trust.
Investor Verification Checklist
- Verify the exact number of shares purchased by the Reed Elsevier Employee Benefit Trust (not specified in this text).
- Confirm the price per share paid for the transaction (not specified in this text).
- Review the full London Stock Exchange announcement referenced in the schedule for transaction details.
- Check subsequent filings for the impact of this buyback on the company's share capital structure.