The information contained within
this announcement constituteS inside information as defined by the
Market Abuse Regulations (EU) No. 596/2014, which forms part of
domestic UK law pursuant to the European Union (Withdrawal) Act
2018 ("UK MAR"). Upon the publication of this announcement
via Regulatory Information Service, this inside information is now
considered to be in the public domain.
25 June
2024
RECORD
PLC
Board
Changes
Record plc ("Record", the "Company"
or the "Group"), the specialist currency and asset manager,
announces the following changes to its board of directors (the
''Board'').
Resignation of Tim Edwards
Having completed his second
three-year term, Tim Ewards has decided not to continue for a third
term, in order to focus on his activities in the biotechnology
sector and will be stepping down from the Board and his role as
Senior Independent Director, effective today.
Krystyna Nowak will become Senior
Independent Director and Chair of the Remuneration
Committee.
Tim Edwards, outgoing Senior
Independent Director said: "It is pleasing to see the company's
Succession Plan now in place and I send best wishes to Jan, Richard
and Kevin, and my Board colleagues, for the next chapter in the
development of the new opportunities for this business."
Appointment of New Non-Executive Director
Dr. Othman Boukrami will join the
Board with effect from 1 July 2024 and will also become a member of
the Audit, Remuneration and Nomination Committees.
Othman is currently Chief Investment Officer of
TCX, The Currency Exchange Fund, having earlier in his career held
senior positions in the African Development Group and
Citibank. Othman brings highly pertinent sector expertise to
the Board.
Appointment of Kevin Ayles
Kevin Ayles will join the Board with
effect from 1 July 2024. Kevin has been a valuable member of the
senior leadership team since joining Record in 2007 and currently
serves as Group Head of HR, Director of Record Currency Management
Limited, and as Company Secretary of Record plc. Kevin possesses
extensive knowledge of the business and its key stakeholders and
his involvement in major strategic initiatives makes it a natural
next step for him to join the Board and continue contributing to
the organisation's success.
David Morrison, Chairman of Record
plc, said, "I am pleased that we continue to strengthen the
leadership of the business by attracting high-calibre candidates to
our Board and by recognising the importance of our senior leaders.
I would like to thank Tim for the commitment and time he has
brought to his role whilst on the Board and I wish him all the best
in his future endeavours. I am also pleased to welcome both Othman
Boukrami and Kevin Ayles to the Board. Othman is a highly
knowledgeable professional, specifically in the field of emerging
market and frontier currencies. Kevin has been an indispensable
member of the senior leadership team during a period of rapid
expansion and change."
This announcement is made pursuant to
Listing Rule 9.6.11R.
The Company confirms that no further
disclosure is required under LR 9.6.13R in respect of the
appointment of Kevin Ayles as an executive director and Dr. Othman
Boukrami as a non-executive director of the Company.
Kevin Ayles has interests in 1,042,341
Ordinary Shares in the Company.
For further information, please
contact:
Record
plc
+44 (0) 1753 852222
David Morrison - Chairman
Dr Jan Witte - Chief Executive
Officer
Buchanan +44
(0) 20 7466 5000
Simon
Compton
Henry Wilson
record@buchanan.uk.com
George Beale