Director/PDMR Shareholding

RNS Number : 3032O

Record PLC

08 February 2021

 

RECORD PLC

Director/PDMR Shareholding

Record plc ("Record" or "the Company") announces today that, on 5 February 2021, Bob Noyen sold a total of 1,500,000 ordinary shares of 0.025 pence each in the Company ("Ordinary Shares"), representing approximately 0.75 per cent. of the issued share capital of the Company, in response to market demand and in order to broaden the institutional shareholder base of the Company.

Subsequent to this sale, Bob Noyen retains an aggregate interest in 7,981,370 Ordinary Shares, representing approximately 4.01 per cent. of the issued share capital of the Company.

The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	BOB NOYEN
2	Reason for the notification
a)	Position/status	CHIEF INVESTMENT OFFICER / SENIOR MANAGER
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 (inclusion optional)	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	SALE OF SHARES
c)	Price(s) and volume(s)	Prices(s)	Volume(s)
		£0.49	1,500,000 SHARES
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	5 FEBRUARY 2021
f)	Place of the transaction	XLON

For further information, please contact:

Record plc   Tel: [phone]

Leslie Hill, Chief Executive Officer

Steve Cullen, Chief Finance Officer

Buchanan   Tel: [phone]

Giles Stewart  [e-mail]

Henry Wilson

George Beale

Notes to Editors

Record plc

Founded in 1983, Record is an independent, specialist currency manager and has established a market leading position in managing Currency Hedging and Currency for Return for institutional clients.

The Group has four principal reporting lines:

-  Dynamic 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;

-  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;

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

-  Multi-Product, where the client mandate includes combined hedging and return-seeking objectives.

Record (LSE: REC) was admitted to trading on the London Stock Exchange on 3^rd December 2007.

This announcement includes information with respect to Record's financial condition, its results of operations and business, strategy, plans and objectives. All statements in this document, other than statements of historical fact, including words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates", "may", "will", "continue", "project" and similar expressions, are forward-looking statements.

These forward-looking statements are not guarantees of the Company's future performance and are subject to risks, uncertainties and assumptions that could cause the actual future results, performance or achievements of the Company to differ materially from those expressed in or implied by such forward-looking statements.

The forward-looking statements contained in this document are based on numerous assumptions regarding Record's present and future business and strategy and speak only as at the date of this announcement.

The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this announcement whether as a result of new information, future events or otherwise.

 

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