Record PLC Capital Markets Teach-In (3563P)
09 Febrero 2023 - 1:00AM
UK Regulatory
TIDMREC
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 GBP60 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
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
-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
Henry Wilson
George Beale
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END
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February 09, 2023 02:00 ET (07:00 GMT)
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