Director/PDMR Shareholding

RNS Number : 7127B

Record PLC

20 June 2016

 

20 June 2016

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

RECORD PLC DIRECTOR/PDMR SHAREHOLDING  

The Company announces, in accordance with DTR 3.1.4R(1) that the following directors and senior managers of the company acquired Ordinary Shares at an average of 24.7 pence per share pursuant to their rights under the Group Profit Share Scheme on 20 June 2016. The Company was notified of such acquisition on 20 June 2016.

Director	Number of Ordinary Shares
James Wood-Collins	104,346
Steve Cullen	23,203
Leslie Hill	94,502
Bob Noyen	104,346

Senior manager	Number of Ordinary Shares
Dmitri Tikhonov	61,965
Joel Sleigh	39,105

James Wood-Collins, Dmitri Tikhonov and Joel Sleigh transferred the number of shares disclosed above to their respective spouses upon acquisition.

ENDS  

Enquiries:  

Record plc         [phone]  

James Wood-Collins, Chief Executive Officer  

Steve Cullen, Chief Financial Officer

MHP                 [phone]  

Nick Denton, Ollie Hoare

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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