Record PLC Directorate Change (8679A)

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                                            [phone] 

Neil Record - Chairman

Leslie Hill - Chief Executive Officer

   Buchanan                                              [phone] 
   Giles Stewart                                         [e-mail] 

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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June 04, 2021 04:09 ET (08:09 GMT)