REG - Record PLC - Capital Markets Teach-In

RecordAnnouncement

09/02/2023 07:00

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RNS Number : 3563P  Record PLC  09 February 2023

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
(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 (https://recordfg.com/investors-centre)

 

 

 

-Ends -

 

 

For further information, please contact:

 

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

 Leslie Hill, Chief Executive Officer

 Steve Cullen, Chief Finance Officer

 Buchanan                               Tel: +44 (0) 20 7466 5000

 Simon Compton                          record@buchanan.uk.com (mailto:record@buchanan.uk.com)

 Henry Wilson

 George Beale

 

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