Business
Capital Markets Teach-In
Capital Markets Teach-In.
About this update from Record Plc
[{"type":"text","content":"\n \n \n LEI Number: 5493000VJ55ZTYGX4322\n \n \n \n \n \n 9 February 2023\n \n \n \n \n \n RECORD PLC\n \n \n \n \n \n CAPITAL MARKETS TEACH-IN\n \n \n \n \n \n \n \n \n Record plc\n (\"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.\n \n \n \n \n \n During the Teach-In, Leslie Hill, Chief Executive Officer and her management team will:\n \n \n \n \n \n ·\n undertake a review of recent financial performance and key growth drivers\n \n \n \n \n \n ·\n reiterate medium-term financial targets:\n \n \n o \n growth of revenue to at least £60 million in respect of the year ending 31 March 2025 (\"FY-25\")\n \n \n o \n growth of operating margin to approximately 40% by FY-25\n \n \n o \n maintenance of ordinary dividend target payout ratio within the range of 70% to 90% of annual earnings\n \n \n o \n develop opportunities to outperform through performance fees\n \n \n \n \n \n ·\n describe Record's progress in pursuing the strategic diversification of its products and services, including:\n \n \n o \n the expansion of activities in Europe via Record Asset Management, the Company's BaFin-registered subsidiary headquartered in Frankfurt, Germany\n \n \n o \n the investment and business opportunities that the Company is pursuing, and the partnerships that it has established, through its Record Digital initiative\n \n \n \n \n \n ·\n address the strategic modernisation of systems and technology to enhance the efficiency and scalability of the business.\n \n \n \n \n \n \n \n \n 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:\n \n \n \n \n https://stream.buchanan.uk.com/broadcast/63bbf60fdd6e715032015281\n \n \n \n \n \n \n \n Following conclusion of the teach-in, the slides and the recordings of the p...