Record PLC Directorate Change (8679A)
04 June 2021 - 6:09PM
UK Regulatory
TIDMREC
RNS Number : 8679A
Record PLC
04 June 2021
4 June 2021
Record plc
Board Changes
Record plc ("Record"), the specialist currency and derivatives
manager, today announces the resignation of non-executive director
Jane Tufnell, who will stand down from the Board for personal
reasons at the company AGM on 27 July 2021.
Neil Record, Chairman of Record, commented: "Jane has been a
source of invaluable advice and guidance to the Record Board over
the past years. Her previous career in an entrepreneurial role in a
very successful fund manager has given her strong insights into the
effective management of challenger asset management businesses. We
at Record have benefitted enormously from this knowledge and
experience, and we thank her most warmly for her service and wish
her well".
This announcement is made in compliance with the Company's
obligations under the Listing Rules, specifically Rule 9.6.11.
Enquiries:
Record plc +44 (0) 1753 852 222
Neil Record - Chairman
Leslie Hill - Chief Executive Officer
Buchanan +44 (0) 20 7466 5000
Giles Stewart record@buchanan.uk.com
Victoria Hayns
Henry Wilson
George Beale
Notes to Editors
Record plc
Founded in 1983, Record is an independent, specialist currency
and derivatives 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 December 2007.
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END
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