REC Record Plc

 

TIDMREC 
 
RNS Number : 0544F 
Record PLC 
05 January 2010 
 

5 January 2010 
Record plc ('Record' or the 'Company') 
Board Changes 
Jeremy Palmer resignation as Non-Executive Director 
Record, the specialist currency investment manager, today announces that, for 
personal reasons, Jeremy Palmer has resigned as a Non-executive Director with 
immediate effect. 
 
 
ENDS 
Enquiries: 
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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