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Last checked at 
22 Jun 2016 08:32
22 June 2016
Record plc ('Record' or the 'Company')
RECORD PLC DIRECTOR/PDMR SHAREHOLDING
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The Company announces, in accordance with DTR 3.1.4R(1) that the following director of the company acquired Ordinary Shares at an average of 26.1 pence per share pursuant to rights under the Group Profit Share Scheme on 21 June 2016. The Company was notified of such acquisition on 21 June 2016.
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Director | Number of Ordinary Shares |
Steve Cullen | 81,591 |
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ENDS
Enquiries:
Record plc +44 (0)1753 852222
James Wood-Collins, Chief Executive Officer
Steve Cullen, Chief Financial Officer
MHP +44 (0) 20 3128 8100
Nick Denton, Ollie Hoare
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Notes to Editors
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Record plc
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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.
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The Group has three principal product lines:
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- 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.
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Record (LSE: REC) was admitted to trading on the London Stock Exchange on 3rd December 2007.
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