Director/PDMR Shareholding
17 November 2009 - 5:31PM
UK Regulatory
TIDMREC
RNS Number : 6581C
Record PLC
17 November 2009
17 November 2009
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, a
director of the Company, has today acquired 92,930 Ordinary Shares at a price of
81 pence per share pursuant to his rights under the Group Profit Share Scheme.
The Company was notified of such acquisition today, 17 November 2009.
ENDS
Enquiries:
Record plc +44 (0)1753 852222
Neil Record, Chairman and Chief Executive
Paul Sheriff, Chief Financial Officer
Hogarth Partnership+44 (0)20 7357 9477
Julian Walker, Nick Denton, Vicky Watkins
Notes to Editors
Record plc
Record is a specialist currency investment manager and provider of currency
hedging services for institutional clients. Founded in 1983, Record has
established a market leading position as a currency asset manager. Specifically,
the Group has a leading position in managing currency for Absolute Return for
institutional clients.
The Group has three principal product lines:
* currency for Absolute Return, in which Record enters into currency contracts for
clients with the objective of generating positive returns;
* 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 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
END
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