REC Record Plc

TIDMREC

RNS Number : 4137I

Record PLC

24 July 2012

24 July 2012

Record plc ('Record' or the 'Company')

REG-Record PLC Director/PDMR Shareholding

The Company announces, in accordance with DTR 3.1.4R(1) that the following director of the company has acquired Ordinary Shares at 17.0 pence per share pursuant to his rights under the Group Profit Share Scheme. The Company was notified of such acquisition on 24 July 2012.

 
 Director        Number of Ordinary Shares 
--------------  -------------------------- 
 Paul Sheriff    5,128 
--------------  -------------------------- 
 

ENDS

Enquiries:

   Record plc         +44 (0)1753 852222 

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 3(rd) December 2007.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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