Directorate Change

202106230200RNS_____UKDISCLO_20210623_7642C REC True Wed, 23 Jun 2021 07:00:00 GMT Wed, 23 Jun 2021 07:04:33 GMT

RNS Number : 7642C

Record PLC

23 June 2021

Record plc

Board Changes

Record plc ("Record"), the specialist currency and derivatives manager, today announces the resignation of non-executive director Rosemary Hilary, who will stand down from the Board on 16 September 2021.

Neil Record, Chairman of Record, commented: "Rosemary has given us a real insight into the management of risk and the workings of the UK regulatory regime. Her background as a central banker and regulator has allowed the Board to benefit from her expertise and experience in this vital area. When Rosemary informed me of her wish to relinquish her Record role to take up a charity trustee role where Rosemary has been asked to chair the Audit and Risk Committee in view of her widely recognised experience, I was disappointed on behalf of the Board to lose her hard-won knowledge. However, I am confident she will put that experience to valuable use in her new role, and we at Record wish her well in it and thank her most warmly for her service."

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOAPPUWUQUPGGMP