Director/PDMR Shareholding

RNS Number : 1587J

Record PLC

06 August 2012

 



6 August 2012

Record plc ('Record' or the 'Company')  

REG-Record PLC Director/PDMR Shareholding  

The Company announces, in accordance with DTR 3.1.4R(1) that James Wood-Collins, a director of the company, acquired 56,748 Ordinary Shares of 0.025p each on 4 August as a result of the exercise of options originally granted to him under the Record plc Share Scheme. These share options were over existing shares in issue held in accordance with the rules of the Record plc Share Scheme and were exercised at nil consideration. The Company was notified of this acquisition on 4 August 2012.

Since no new shares are being issued in connection with the above there is no change in the total issued share capital of the Company.

ENDS  

Enquiries:  

Record plc                                                                                 [phone]  

James Wood-Collins, Chief Executive Officer  

Paul Sheriff, Chief Financial Officer/Chief Operating Officer

MHP                                                                                         [phone]  

Nick Denton, John Olsen, Vicky Watkins

Notes to Editors

Record plc

Record is a specialist currency manager and provider of currency hedging services for institutional clients. Founded in 1983, Record has established a market leading position as a currency manager. Specifically, the Group has a leading position in managing Dynamic Hedging and Currency for Return for institutional clients.

The Group has three principal product lines:

-      Currency for Return, formerly known as Absolute Return, in which Record enters into currency contracts for clients with the objective of generating positive returns;

-      Dynamic Hedging, formerly known as Active Hedging, where Record seeks to eliminate the impact of currency movements on elements of clients' investment portfolios that are denominated in foreign currencies when these movements are expected to result in an economic loss to the client, but not to do so when they are expected to result in an economic gain; and

-      Passive Hedging, where Record seeks to eliminate fully or partially the economic impact of currency movements on elements of clients' investment portfolios that are denominated in foreign currencies.

Record (LSE: REC) was admitted to trading on the London Stock Exchange on 3^rd December 2007.

 

END

 

 

RDSGCGDIXSGBGDD