REC Record Plc

TIDMREC

RNS Number : 8519I

Record PLC

21 June 2011

21 June 2011

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 60,216 and 271,938 Ordinary Shares respectively at a price of 35 pence per share pursuant to their rights under the Group Profit Share Scheme. The Company was notified of such acquisition on 21 June 2011.

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 3128 8100

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 3(rd) December 2007.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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