Capital Markets Teach-In

RNS Number : 3563P

Record PLC

09 February 2023

 

LEI Number: 5493000VJ55ZTYGX4322

9 February 2023

RECORD PLC

CAPITAL MARKETS TEACH-IN

Record plc ("Record" or the "Company"), the specialist currency and asset manager, is hosting a Capital Markets Teach-In from 13:30 GMT today at which an update will be presented to analysts and investors on the evolution of the Company's strategy and ambitions, with a focus on its core strategic priorities of diversification and modernisation. No new financial information will be disclosed at this event.

During the Teach-In, Leslie Hill, Chief Executive Officer and her management team will:

· undertake a review of recent financial performance and key growth drivers

· reiterate medium-term financial targets:

o  growth of revenue to at least £60 million in respect of the year ending 31 March 2025 ("FY-25")

o  growth of operating margin to approximately 40% by FY-25

o  maintenance of ordinary dividend target payout ratio within the range of 70% to 90% of annual earnings

o  develop opportunities to outperform through performance fees

· describe Record's progress in pursuing the strategic diversification of its products and services, including:

o  the expansion of activities in Europe via Record Asset Management, the Company's BaFin-registered subsidiary headquartered in Frankfurt, Germany

o  the investment and business opportunities that the Company is pursuing, and the partnerships that it has established, through its Record Digital initiative

· address the strategic modernisation of systems and technology to enhance the efficiency and scalability of the business.

The event will last around 2 hours 30 minutes and will be hosted in-person at the offices of Buchanan at 107 Cheapside, London or virtually via a live webcast. In order to sign up for the webcast, please use the following link:

https://stream.buchanan.uk.com/broadcast/63bbf60fdd6e715032015281

Following conclusion of the teach-in, the slides and the recordings of the presentations will be made available for download on the Investors Centre section of the Record website, available from the following link:

https://recordfg.com/investors-centre

-Ends -

For further information, please contact:

Record plc Leslie Hill, Chief Executive Officer Steve Cullen, Chief Finance Officer	Tel: [phone]
Buchanan Simon Compton Henry Wilson George Beale	Tel: [phone] [e-mail]

 

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