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Director/PDMR Shareholding

Released 15:36 30-Nov-2012

RNS Number : 4830S
Record PLC
30 November 2012

30 November 2012


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


REG-Record PLC Director/PDMR Shareholding  


The Company announces, in accordance with DTR 3.1.4R(1) that the following directors of the company have acquired Ordinary Shares at 28.7 pence per share pursuant to their rights under the Group Profit Share Scheme.  The Company was notified of such acquisition on 30 November 2012.




Number of Ordinary Shares

James Wood-Collins


Paul Sheriff


Leslie Hill


Bob Noyen








Record plc         +44 (0)1753 852222  

James Wood-Collins, Chief Executive Officer  

Paul Sheriff, Chief Financial Officer/Chief Operating Officer


MHP                             +44 (0)20 7357 9477  

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 3rd December 2007.





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Director/PDMR Shareholding - RNS