REC Record Plc

 

TIDMREC 
 
RNS Number : 8350N 
Record PLC 
18 June 2010 
 
18 June 2010 
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 acquired 21,100 Ordinary Shares at a price of 53 
pence per share pursuant to his rights under the Group Profit Share Scheme.  The 
Company was notified of such acquisition on 17 June 2010. 
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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