Record Financial Group — Director's Dealing 2016

Jun 22, 2016

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RNS Number : 9364B

Record PLC

22 June 2016

22 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 director of the company acquired Ordinary Shares at an average of 26.1 pence per share pursuant to rights under the Group Profit Share Scheme on 21 June 2016. The Company was notified of such acquisition on 21 June 2016.

Director	Number of Ordinary Shares
Steve Cullen	81,591

ENDS  

Enquiries:  

Record plc         +44 (0)1753 852222  

James Wood-Collins, Chief Executive Officer  

Steve Cullen, Chief Financial Officer

MHP                 +44 (0) 20 3128 8100  

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 3rd December 2007.

This information is provided by RNS

The company news service from the London Stock Exchange

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