4 July 2024
Record plc ('Record' or the 'Company')
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulation
The Board of Record plc announces that Prospect Investment Management, a private investment company controlled by David Morrison, the Company's Chairman, and wholly owned by him and other immediate family members, has purchased 395,500 shares at market rate, representing approximately 0.2% of the Company's current issued ordinary share capital, from Mr Neil Record, a major shareholder, on 3 July 2024. This transaction reflects the Chairman's confidence in the Company's future prospects.
As a result of the transaction, Mr Neil Record will reduce his shareholding from 26.57% to 26.38%.
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
| PROSPECT INVESTMENT MANAGEMENT LIMITED
| |
| 2 | Reason for the notification | ||
| a)
| Position/status
| PERSON CLOSELY ASSOCIATED WITH DAVID MORRISON, CHAIRMAN OF THE COMPANY AND PDMR | |
| 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
Identification code
| ORDINARY SHARES OF 0.025 PENCE PER SHARE
GB00B28ZPS36
| |
| b)
| Nature of the transaction
| PURCHASE OF INTERESTS IN THE COMPANY | |
| c)
| Price(s) and volume(s)
| Prices(s) | Volume(s) |
| £0.632 | 395,500 SHARES
| ||
| d)
| Aggregated information - Aggregated volume - Price
|
395,500 SHARES £249,956
| |
| e)
| Date of the transaction
| 3 JULY 2024 | |
| 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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