REC Record Plc

 

TIDMREC 
 
RNS Number : 2912W 
Record PLC 
16 November 2010 
 

16 November 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 and 
James Wood-Collins, both directors of the Company, have acquired 192,976 and 
162,506 Ordinary Shares respectively at a price of 42 pence per share pursuant 
to their rights under the Group Profit Share Scheme.  The Company was notified 
of such acquisition on 16 November 2010. 
 
ENDS 
Enquiries: 
Record plc         +44 (0)1753 852222 
Neil Record, Chairman 
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. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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