TIDMREC
RNS Number : 3032O
Record PLC
08 February 2021
RECORD PLC
Director/PDMR Shareholding
Record plc ("Record" or "the Company") announces today that, on
5 February 2021, Bob Noyen sold a total of 1,500,000 ordinary
shares of 0.025 pence each in the Company ("Ordinary Shares"),
representing approximately 0.75 per cent. of the issued share
capital of the Company, in response to market demand and in order
to broaden the institutional shareholder base of the Company.
Subsequent to this sale, Bob Noyen retains an aggregate interest
in 7,981,370 Ordinary Shares, representing approximately 4.01 per
cent. of the issued share capital of the Company.
The following disclosure is made in accordance with Article 19
of the EU Market Abuse Regulation 596/2014:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name BOB NOYEN
----------------------------- --------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status CHIEF INVESTMENT OFFICER / SENIOR MANAGER
----------------------------- --------------------------------------------
b) Initial notification INITIAL NOTIFICATION
/Amendment
----------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name RECORD PLC
----------------------------- --------------------------------------------
b) LEI (inclusion 5493000VJ55ZTYGX4322
optional)
----------------------------- --------------------------------------------
4 Details of the transaction(s): section to be repeated
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 ORDINARY SHARES OF 0.025 PENCE PER SHARE
of the financial
instrument,
type of instrument GB00B28ZPS36
Identification
code
----------------------------- --------------------------------------------
b) Nature of SALE OF SHARES
the transaction
----------------------------- --------------------------------------------
c) Price(s) and Prices(s) Volume(s)
volume(s)
----------------------------- ---------------- --------------------------
GBP0.49 1,500,000 SHARES
----------------------------- ---------------- --------------------------
d) Aggregated
information N/A
- Aggregated
volume
- Price
----------------------------- --------------------------------------------
e) Date of the 5 FEBRUARY 2021
transaction
----------------------------- --------------------------------------------
f) Place of the XLON
transaction
----------------------------- --------------------------------------------
For further information, please contact:
Record plc Tel: +44 (0) 1753 852 222
Leslie Hill, Chief Executive Officer
Steve Cullen, Chief Finance Officer
Buchanan Tel: +44 (0) 20 7466 5000
Giles Stewart record@buchanan.uk.com
Henry Wilson
George Beale
Notes to Editors
Record plc
Founded in 1983, Record is an independent, specialist currency
manager and has established a market leading position in managing
Currency Hedging and Currency for Return for institutional
clients.
The Group has four principal reporting lines:
- Dynamic 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;
- 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;
- Currency for Return, in which Record enters into currency
contracts for clients with the objective of generating positive
returns; and
- Multi-Product, where the client mandate includes combined
hedging and return-seeking objectives.
Record (LSE: REC) was admitted to trading on the London Stock
Exchange on 3(rd) December 2007.
This announcement includes information with respect to Record's
financial condition, its results of operations and business,
strategy, plans and objectives. All statements in this document,
other than statements of historical fact, including words such as
"anticipates", "expects", "intends", "plans", "believes", "seeks",
"estimates", "may", "will", "continue", "project" and similar
expressions, are forward-looking statements.
These forward-looking statements are not guarantees of the
Company's future performance and are subject to risks,
uncertainties and assumptions that could cause the actual future
results, performance or achievements of the Company to differ
materially from those expressed in or implied by such
forward-looking statements.
The forward-looking statements contained in this document are
based on numerous assumptions regarding Record's present and future
business and strategy and speak only as at the date of this
announcement.
The Company expressly disclaims any obligation or undertaking to
disseminate any updates or revisions to any forward-looking
statements contained in this announcement whether as a result of
new information, future events or otherwise.
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END
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