TIDMREC

RNS Number : 3090S

Record PLC

08 March 2023

8 March 2023

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

Record plc PDMR / PCA Shareholding

Record plc ("Record"), the specialist currency and asset manager, today announces the sale of shares at market value on 7 March 2023 from the Record Charitable Trust ("the Trust") (as PCA to Neil Record) to the Record plc Employee Benefit Trust ("EBT").

Neil Record, Chairman of Record, commented:

"On 7 March 2022, we announced the start of a funding programme for an educational fund, held by the Trust, utilising Record plc shares held in my own name.

"The programme commenced with a gift of two million shares from my personal holding with the stated intention that the Trust would sell these shares in a series of orderly tranches in consultation with Record's Corporate Broker, Panmure Gordon, to provide the funds for scholarships, and to diversify its holdings.

"This sale provides scholarship funds for the Trust, which has just awarded its first round of scholarships for the academic year 2023-24, with twelve children now receiving substantial support from the Trust for their whole school careers. The purchase facilitates the warehousing of shares within the EBT for use under Record's various share-related incentive schemes aligned with the Group's future succession plans."

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated (PCA) in accordance with the Market Abuse Regulation

The following disclosure is made in accordance with Article 19 of the UK version of the EU Market Abuse Regulation 596/2014 which has effect in English law by virtue of the European Union (Withdrawal) Act 2018:

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                        The Record Charitable Trust 
      -------------------------------  ------------------------------------------ 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------- 
 a)    Position/status                  PCA with Neil Record, Chairman, Record 
                                         plc 
      -------------------------------  ------------------------------------------ 
 b)    Initial notification             INITIAL NOTIFICATION 
        /Amendment 
      -------------------------------  ------------------------------------------ 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------- 
 a)    Name                             RECORD PLC 
      -------------------------------  ------------------------------------------ 
 b)    LEI                              5493000VJ55ZTYGX4322 
      -------------------------------  ------------------------------------------ 
       Details of the transaction(s): section to be repeated 
  4     for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      --------------------------------------------------------------------------- 
 a)    Description of the               ORDINARY SHARES OF 0.025 PENCE PER 
        financial instrument,            SHARE 
        type of instrument 
 
        Identification code              GB00B28ZPS36 
      -------------------------------  ------------------------------------------ 
 b)    Nature of the transaction        Sale of Ordinary Shares at market 
                                         value 
      -------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s)           Prices(s)        Volume(s) 
      -------------------------------  ---------------  ------------------------- 
   GBP0.9188                                                        2,000,000 
  ----------------------------------------------------  ------------------------- 
 d)    Aggregated information 
        - Aggregated volume               N/A single transaction 
        - Price 
      -------------------------------  ------------------------------------------ 
 e)    Date of the transaction          07 MARCH 2023 
      -------------------------------  ------------------------------------------ 
 f)    Place of the transaction         LONDON STOCK EXCHANGE MAIN MARKET 
                                         (XLON) 
      -------------------------------  ------------------------------------------

For any queries related to this notification please contact: Kevin Ayles, Company Secretary on 01753 852222.

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END

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March 08, 2023 05:27 ET (10:27 GMT)

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