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DIRECTOR DEALINGS: Record Directors Sell Shares Via Tender Offer

LONDON (Alliance News) - Record PLC said a group consisting of directors and senior managers ...

Alliance News 17 July, 2017 | 3:21PM
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LONDON (Alliance News) - Record PLC said a group consisting of directors and senior managers sold shares in relation to a tender offer at 44.79 pence each on Monday.

Chairman Neil Record sold 8.6 million shares and Deputy Chief Executive Leslie Hill sold 1.6 million shares.

Chief Executive Officer James Wood-Collins, together with his wife, sold 294,432 shares.

Chief Investment Officer Bob Noyan sold 500,000 shares and Chief Financial Officer Steve Cullen, together with his wife, sold 81,446 shares.

Head of Portfolio Management Dmitri Tikhonov, together with his wife, sold 321,366 shares.

Susan Sleigh, wife of Chief Operating Officer Joel Sleigh, sold 85,852 shares.

Last month Record launched a GBP10 million tender offer to its shareholders, offering to purchase up to a 10% stake in the business for GBP10 million.

Shares in the currency manager were up 1.5% at 45.40p Monday.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

Copyright 2017 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Record PLC 46.38 GBX -2.11 -
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