Change of Adviser

RNS Number : 9806B
Record PLC
14 October 2020
 

14 OCTOBER 2020

RECORD PLC
APPOINTMENT OF CORPORATE BROKER

 

Record plc (“the Company”), the specialist currency manager, is pleased to announce the appointment of Panmure Gordon (UK) Limited (“Panmure Gordon”) as the Company’s sole Corporate Broker with immediate effect.

 

For further information, please contact:

 

Record plc                                                                             Tel: +44 (0) 1753 852 222

Leslie Hill, Chief Executive Officer

Steve Cullen, Chief Finance Officer

 

Panmure Gordon                                                                  Tel: +44 (0) 20 7886 2500

Corporate Advisory: Stephen Howard / Antoine Dupont-Madinier

Corporate Broking: Charles Leigh-Pemberton

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 3rd December 2007.

 

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