REG - Record PLC - Director/PDMR Shareholding

RecordAnnouncement

08/03/2023 10:30

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RNS Number : 3090S  Record PLC  08 March 2023

8 March 2023

 

Record plc ('Record' or the 'Company')

 

Record plc PDMR / PCA Shareholding

 

Record plc ("Record"), the specialist currency and asset manager, today
announces the sale of shares at market value on 7 March 2023 from the Record
Charitable Trust ("the Trust") (as PCA to Neil Record) to the Record plc
Employee Benefit Trust ("EBT").

Neil Record, Chairman of Record, commented:

"On 7 March 2022, we announced the start of a funding programme for an
educational fund, held by the Trust, utilising Record plc shares held in my
own name.

"The programme commenced with a gift of two million shares from my personal
holding with the stated intention that the Trust would sell these shares in a
series of orderly tranches in consultation with Record's Corporate Broker,
Panmure Gordon, to provide the funds for scholarships, and to diversify its
holdings.

"This sale provides scholarship funds for the Trust, which has just awarded
its first round of scholarships for the academic year 2023-24, with twelve
children now receiving substantial support from the Trust for their whole
school careers. The purchase facilitates the warehousing of shares within the
EBT for use under Record's various share-related incentive schemes aligned
with the Group's future succession plans."

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated (PCA) in accordance
with the Market Abuse Regulation

The following disclosure is made in accordance with Article 19 of the UK
version of the EU Market Abuse Regulation 596/2014 which has effect in English
law by virtue of the European Union (Withdrawal) Act 2018:

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         The Record Charitable Trust

 2    Reason for the notification
 a)   Position/status                                              PCA with Neil Record, Chairman, Record plc

 b)   Initial notification /Amendment                              INITIAL NOTIFICATION

 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         RECORD PLC

 b)   LEI                                                          5493000VJ55ZTYGX4322

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  ORDINARY SHARES OF 0.025 PENCE PER SHARE

      Identification code

                                                                   GB00B28ZPS36

 b)   Nature of the transaction                                    Sale of Ordinary Shares at market value

 c)   Price(s) and volume(s)                                       Prices(s)                    Volume(s)

      £0.9188                                                                                   2,000,000

 d)   Aggregated information

      - Aggregated volume                                          N/A single transaction

      - Price

 e)   Date of the transaction                                      07 MARCH 2023

 f)   Place of the transaction                                     LONDON STOCK EXCHANGE MAIN MARKET (XLON)

 

 

For any queries related to this notification please contact: Kevin Ayles,
Company Secretary on 01753 852222.

 

 

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