Director/PDMR Shareholding

RNS Number : 7662I

Record PLC

20 June 2011

 



20 June 2011

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 and James Wood-Collins, both directors of the Company, have acquired 111,666 and 124,866 Ordinary Shares respectively at a price of 31.6 pence per share pursuant to their rights under the Group Profit Share Scheme.  The Company was notified of such acquisition on 20 June 2011.

ENDS  

Enquiries:  

Record plc         [phone]  

Neil Record, Chairman

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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