Burford Capital Limited Director/PDMR Shareholding (8840N)

TIDMBUR

RNS Number : 8840N

Burford Capital Limited

27 September 2023

27 September 2023

BURFORD CAPITAL LIMITED

Notification of transactions by person discharging managerial responsibilities

Burford Capital Limited, the leading global finance and asset management firm focused on law, provides the following notification of transactions by a person discharging managerial responsibilities ("PDMR").

On September 22, 2023, Jonathan Molot, Chief Investment Officer, used his deferred cash compensation to purchase 53,093 ordinary shares of nil par value of Burford Capital Limited (the "Shares") through the Burford employee deferred compensation plan.

Further details about the Burford employee deferred compensation plan can be found in Burford's Annual Report on Form 20-F for the year ended December 31, 2022 filed with the US Securities and Exchange Commission on May 16, 2023. In essence, Burford employees are able to elect to defer cash compensation, without incurring current taxes, into the Burford employee deferred compensation plan, which in turn permits the full amount of that deferred compensation to be allocated to the Shares (or for other investment options). This is a tax-efficient way for employees to continue to accumulate exposure to the Shares.

The Notification of Dealing Forms for these transactions set forth above are included at the end of this announcement.

For further information, please contact:

 
   Burford Capital Limited 
   For investor and analyst inquiries: 
   Robert Bailhache, Head of Investor Relations,              [phone] 
    EMEA and Asia - email                                               2023 
   Jim Ballan, Head of Investor Relations, Americas 
    - email                                                [phone] 
   For press inquiries: 
   David Helfenbein, Vice President, Public Relations 
    - email                                                [phone] 
 
   Numis Securities Limited - NOMAD and Joint                 [phone] 
    Broker                                                              1000 
   Giles Rolls 
   Charlie Farquhar 
 
                                                              [phone] 
   Jefferies International Limited - Joint Broker                       8000 
   Graham Davidson 
   Tony White 
 
                                                              [phone] 
   Berenberg - Joint Broker                                             7800 
   Toby Flaux 
   James Thompson 
   Yasmina Benchekroun 
 
 

About Burford Capital

Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management , asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR), and it works with companies and law firms around the world from its offices in New York, London, Chicago, Washington, DC, Singapore, Dubai, Sydney and Hong Kong.

For more information, please visit www.burfordcapital.com .

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any ordinary shares or other securities of Burford.

This announcement does not constitute an offer of any Burford private fund. Burford Capital Investment Management LLC, which acts as the fund manager of all Burford private funds, is registered as an investment adviser with the US Securities and Exchange Commission. The information provided in this announcement is for informational purposes only. Past performance is not indicative of future results. The information contained in this announcement is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities (including, without limitation, interests or shares in any of Burford private funds). Any such offer or solicitation may be made only by means of a final confidential private placement memorandum and other offering documents.

Forward-looking statements

This announcement contains "forward-looking statements" within the meaning of Section 21E of the US Securities Exchange Act of 1934, as amended, regarding assumptions, expectations, projections, intentions and beliefs about future events. These statements are intended as "forward-looking statements". In some cases, predictive, future-tense or forward-looking words such as "aim", "anticipate", "believe", "continue", "could", "estimate", "expect", "forecast", "guidance", "intend", "may", "plan", "potential", "predict", "projected", "should" or "will" or the negative of such terms or other comparable terminology are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. In addition, Burford and its representatives may from time to time make other oral or written statements that are forward-looking, including in its periodic reports that Burford files with, or furnishes to, the US Securities and Exchange Commission , other information made available to Burford's security holders and other written materials. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future. Burford cautions that forward-looking statements are not guarantees of future performance and are based on numerous assumptions , expectations, projections, intentions and beliefs and that Burford's actual results of operations, including its financial position and liquidity, and the development of the industry in which it operates, may differ materially from (and be more negative than) those made in, or suggested by, the forward-looking statements contained in this announcement. Significant factors that may cause actual results to differ from those Burford expects include, among others, those discussed under "Risk Factors" in Burford's annual report on Form 20-F for the year ended December 31, 2022 filed with the US Securities and Exchange Commission on May 16, 2023 and other reports or documents that Burford files with, or furnishes to, the US Securities and Exchange Commission from time to time . In addition, even if Burford's results of operations, including its financial position and liquidity, and the development of the industry in which it operates are consistent with the forward-looking statements contained in this announcement, those results of operations or developments may not be indicative of results of operations or developments in subsequent periods.

Except as required by law, Burford undertakes no obligation to update or revise the forward-looking statements contained in this announcement, whether as a result of new information, future events or otherwise.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
      (a) Name                                       Jonathan Molot 
     ---------------------------------------------  -------------------------------------------- 
 2    Reason for the notification 
      (a) Position/status                            A PDMR occupying the position of Chief 
                                                      Investment Officer 
      (b) Initial notification                       Initial 
       /Amendment 
     ---------------------------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
      (a) Name                                       Burford Capital Limited 
      (b) LEI                                        549300FUKUWFYJMT2277 
     ---------------------------------------------  -------------------------------------------- 
 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                             Notional Ordinary Shares 
       the financial instrument, 
       type of instrument 
              Identification code                    GG00BMGYLN96 
      (b) Nature of the transaction                  Allocation of fully vested notional 
                                                      Ordinary Shares equivalent to a deferred 
                                                      amount of cash compensation under 
                                                      Burford's deferred compensation plan 
      (c) Price(s)and volume(s)                      Price(s)               Volume(s) 
                                                    ---------------------  --------------------- 
                                                     $ 14.39                53,093 
 
        (d) Aggregated information                   N/A 
          *    Aggregated volume 
 
 
          *    Price 
  (e) Date of the transaction                        22 September 2023 
  (f) Place of the transaction                       Outside a trading venue 
 -------------------------------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
      (a) Name                                       Jonathan Molot 
     ---------------------------------------------  -------------------------------------------- 
 2    Reason for the notification 
      (a) Position/status                            A PDMR occupying the position of Chief 
                                                      Investment Officer 
      (b) Initial notification                       Initial 
       /Amendment 
     ---------------------------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 

      (a) Name                                       Burford Capital Limited 
      (b) LEI                                        549300FUKUWFYJMT2277 
     ---------------------------------------------  -------------------------------------------- 
 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                             Ordinary Shares 
       the financial instrument, 
       type of instrument 
              Identification code                    GG00BMGYLN96 
      (b) Nature of the transaction                  Allocation of unvested notional Ordinary 
                                                      Shares pursuant to the provisions 
                                                      of Burford's deferred compensation 
                                                      plan due to vest in 2026 
      (c) Price(s)and volume(s)                      Price(s)               Volume(s) 
                                                    ---------------------  --------------------- 
   $ Nil                                                                    17,706 
 
        (d) Aggregated information               N/A 
          *    Aggregated volume 
 
 
          *    Price 
  (e) Date of the transaction                    22 September 2023 
  (f) Place of the transaction                   Outside a trading venue 
 ---------------------------------------------  ------------------------------------------------ 
 

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September 27, 2023 12:30 ET (16:30 GMT)