Last checked at 9 Feb 2023 07:00
LEI Number: 5493000VJ55ZTYGX4322
9 February 2023
RECORD PLC
CAPITAL MARKETS TEACH-IN
Record plc ("Record" or the "Company"), the specialist currency and asset manager, is hosting a Capital Markets Teach-In from 13:30 GMT today at which an update will be presented to analysts and investors on the evolution of the Company's strategy and ambitions, with a focus on its core strategic priorities of diversification and modernisation. No new financial information will be disclosed at this event.
During the Teach-In, Leslie Hill, Chief Executive Officer and her management team will:
· undertake a review of recent financial performance and key growth drivers
· reiterate medium-term financial targets:
o growth of revenue to at least £60 million in respect of the year ending 31 March 2025 ("FY-25")
o growth of operating margin to approximately 40% by FY-25
o maintenance of ordinary dividend target payout ratio within the range of 70% to 90% of annual earnings
o develop opportunities to outperform through performance fees
· describe Record's progress in pursuing the strategic diversification of its products and services, including:
o the expansion of activities in Europe via Record Asset Management, the Company's BaFin-registered subsidiary headquartered in Frankfurt, Germany
o the investment and business opportunities that the Company is pursuing, and the partnerships that it has established, through its Record Digital initiative
· address the strategic modernisation of systems and technology to enhance the efficiency and scalability of the business.
The event will last around 2 hours 30 minutes and will be hosted in-person at the offices of Buchanan at 107 Cheapside, London or virtually via a live webcast. In order to sign up for the webcast, please use the following link:
https://stream.buchanan.uk.com/broadcast/63bbf60fdd6e715032015281
Following conclusion of the teach-in, the slides and the recordings of the presentations will be made available for download on the Investors Centre section of the Record website, available from the following link:
https://recordfg.com/investors-centre
-Ends -
For further information, please contact:
Record plc Leslie Hill, Chief Executive Officer Steve Cullen, Chief Finance Officer
| Tel: +44 (0) 1753 852 222 |
Buchanan Simon Compton Henry Wilson George Beale | Tel: +44 (0) 20 7466 5000 record@buchanan.uk.com |