Director/PDMR Shareholding

RNS Number : 7788K

Record PLC

24 August 2012

 



24 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, has today sold 28,988 ordinary shares at 16.5 pence per share to cover the income tax and national insurance liability arising from the exercise, on 4 August 2012, of options originally granted to him under the Record plc Share Scheme. The Company was notified of this disposal on 24 August 2012.

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

 

 

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