Director/PDMR Shareholding

RNS Number : 8350D

Record PLC

07 March 2022

 

7 March 2022

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

Record plc PDMR / PCA Shareholding

Record plc ("Record"), the specialist currency and derivatives manager, today announces the transfer of shares on 4 March 2022 by way of gift from Neil Record to the Record Charitable Trust.

Neil Record, Chairman of Record, commented:

"I am in the process of setting up a scholarship fund which I will Chair and an external investment adviser will manage, for academically able students to win scholarships to selective secondary schools. The purpose of the fund is to help close the funding gap for able children whose parents are unable to afford private school fees, a cause close to my heart as a beneficiary myself of the direct grant school system as a child.

I am therefore embarking on a funding programme for this educational fund, utilising Record plc shares which I currently hold in my own name. Consequently, two million shares have been gifted to the Record Charitable Trust. Over the longer-term, the Trust will sell these shares in a series of orderly tranches in consultation with Record plc's Corporate Broker, to provide the funds for scholarships, and to diversify its holdings."

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated (PCA) in accordance with the Market Abuse Regulation

The following disclosure is made in accordance with Article 19 of the UK version of the EU Market Abuse Regulation 596/2014 which has effect in English law by virtue of the European Union (Withdrawal) Act 2018:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	NEIL RECORD
2	Reason for the notification
a)	Position/status	CHAIRMAN
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	RECORD PLC
b)	LEI	5493000VJ55ZTYGX4322
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	ORDINARY SHARES OF 0.025 PENCE PER SHARE GB00B28ZPS36
b)	Nature of the transaction	TRANSFER BY WAY OF GIFT TO CHARITABLE TRUST
c)	Price(s) and volume(s)	Prices(s)	Volume(s)
		nil	2,000,000
d)	Aggregated information - Aggregated volume - Price	N/A single transaction
e)	Date of the transaction	4 MARCH 2022
f)	Place of the transaction	LONDON STOCK EXCHANGE MAIN MARKET (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	The Record Charitable Trust
2	Reason for the notification
a)	Position/status	PCA with Neil Record, Chairman, Record plc
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	RECORD PLC
b)	LEI	5493000VJ55ZTYGX4322
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	ORDINARY SHARES OF 0.025 PENCE PER SHARE GB00B28ZPS36
b)	Nature of the transaction	Receipt of charitable donation by way of a gift of Ordinary Shares
c)	Price(s) and volume(s)	Prices(s)	Volume(s)
		nil	2,000,000
d)	Aggregated information - Aggregated volume - Price	N/A single transaction
e)	Date of the transaction	4 MARCH 2022
f)	Place of the transaction	LONDON STOCK EXCHANGE MAIN MARKET (XLON)

For any queries related to this notification please contact: Kevin Ayles, Company Secretary on 01753 852222.

 

END

 

 

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