Director/PDMR Shareholding

RNS Number : 8350N

Record PLC

18 June 2010

 

18 June 2010

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

REG-Record PLC Director/PDMR Shareholding  

The Company announces, in accordance with DTR 3.1.4R(1) that Paul Sheriff, a director of the Company, has acquired 21,100 Ordinary Shares at a price of 53 pence per share pursuant to his rights under the Group Profit Share Scheme.  The Company was notified of such acquisition on 17 June 2010.

ENDS  

Enquiries:  

Record plc         [phone]  

Neil Record, Chairman and Chief Executive  

Paul Sheriff, Chief Financial Officer

Hogarth Partnership       [phone]  

Julian Walker, Nick Denton, Vicky Watkins

Notes to Editors

Record plc

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

The Group has three principal product lines:

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

-      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 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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