Record PLC Director/PDMR Shareholding (7788K)
24 August 2012 - 3:24PM
UK Regulatory
TIDMREC
RNS Number : 7788K
Record PLC
24 August 2012
24 August 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
James Wood-Collins, a director of the company, has today sold
28,988 ordinary shares at 16.5 pence per share to cover the income
tax and national insurance liability arising from the exercise, on
4 August 2012, of options originally granted to him under the
Record plc Share Scheme. The Company was notified of this disposal
on 24 August 2012.
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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