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BUR Burford Capital Limited

1,220.00
7.00 (0.58%)
Last Updated: 09:11:59
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Burford Capital Limited LSE:BUR London Ordinary Share GG00BMGYLN96 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  7.00 0.58% 1,220.00 1,217.00 1,220.00 1,221.00 1,201.00 1,201.00 2,012 09:11:59
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 1.39B 610.52M 2.7883 4.36 2.66B

Burford Capital Limited Director/PDMR Shareholding (2394J)

09/12/2022 5:00pm

UK Regulatory


Burford Capital (LSE:BUR)
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From Apr 2022 to Apr 2024

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TIDMBUR

RNS Number : 2394J

Burford Capital Limited

09 December 2022

9 December 2022

BURFORD CAPITAL LIMITED

Notification of transactions by person discharging managerial responsibility

Burford Capital, the leading global finance and asset management firm focused on law, has been notified of the usual annual transactions associated with certain estate planning by Christopher P. Bogart, Burford's Chief Executive Officer.

As announced previously, Mr Bogart transferred 7,647,727 ordinary shares in Burford to Christopher Bogart LLC ("CB LLC"), a company which is controlled by Mr Bogart. Ongoing movement of ownership interests in CB LLC back-and-forth between Mr Bogart and annual trusts established by Mr Bogart of which he and his family members are the beneficiaries is expected as a normal part of the US estate planning undertaken. Certain such movements occurred as of December 6, 2022, with a 1.141921% interest in CB LLC being returned to Mr Bogart from the Christopher P. Bogart 2018 GST Exempt Family Trust, and a 0.748785% interest, a 0.234544% interest and a 0.021375% interest in CB LLC transferred from Mr Bogart to CB 2019 Trust, Christopher P. Bogart 2020 Trust and Christopher P. Bogart 2021 Trust respectively. These transfers do not affect the overall interest in shares in Burford held by Mr Bogart and the associated trusts.

The Notification of Dealing Forms for each of the transfers mentioned 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,              +44 (0)20 3530 
    EMEA and Asia - email                                               2023 
   Jim Ballan, Head of Investor Relations, Americas 
    - email                                                +1 (646) 793 9176 
   For press inquiries: 
   David Helfenbein, Vice President, Public Relations 
    - email                                                +1 (212) 235 6824 
 
   Numis Securities Limited - NOMAD and Joint                 +44 (0)20 7260 
    Broker                                                              1000 
   Giles Rolls 
   Charlie Farquhar 
 
                                                              +44 (0)20 7029 
   Jefferies International Limited - Joint Broker                       8000 
   Graham Davidson 
   Tony White 
 
                                                              +44 (0)20 3207 
   Berenberg - Joint Broker                                             7800 
   Alex Reynolds 
   Toby Flaux 
   Arnav Kapoor 
 

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 principal offices in New York, London, Chicago, Washington, DC, Singapore, Sydney and Hong Kong.

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

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

This release does not constitute an offer of any Burford fund. Burford Capital Investment Management LLC, which acts as the fund manager of all Burford funds, is registered as an investment adviser with the US Securities and Exchange Commission. The information provided herein is for informational purposes only. Past performance is not indicative of future results. The information contained herein 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 the 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, we and our representatives may from time to time make other oral or written statements which are forward-looking statements, including in our periodic reports that we file with, or furnish to, the US Securities and Exchange Commission (the "SEC"), other information sent to our 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. We caution you that forward-looking statements are not guarantees of future performance and are based on numerous assumptions , expectations, projections, intentions and beliefs and that our actual results of operations, including our financial position and liquidity, and the development of the industry in which we operate, 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 we expect include those discussed under "Risk Factors" in our annual report on Form 20-F filed with the SEC on March 29, 2022, our interim report on Form 6-K furnished to the SEC on August 9, 2022, and other reports or documents that we file with, or furnish to, the US Securities and Exchange Commission from time to time . In addition, even if our results of operations, including our financial position and liquidity, and the development of the industry in which we operate 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, we undertake 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                              Christopher P. Bogart 2018 GST 
                                            Exempt Family Trust 
    ------------------------------------  ------------------------------------------- 
 2   Reason for the notification 
     (a) Position/status                   A person closely associated with 
                                            Christopher P. Bogart, a PDMR occupying 
                                            the position of Chief Executive 
                                            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                    1.141921% interest in Christopher 
      the financial instrument,             Bogart LLC, which holds 7,647,727 
      type of instrument                    shares in Burford Capital Limited 
             Identification code           N/A 
     (b) Nature of the transaction         Disposal of membership interests 
                                            to Christopher P. Bogart 
     (c) Price(s)and volume(s)             Price(s)           Volume(s) 
                                          -----------------  ------------------------ 
                                           $ 854,632.75       1.141921% interest 
 
           (d) Aggregated information      N/A 
             *    Aggregated volume 
 
 
             *    Price 
     (e) Date of the transaction           6 December 2022 
     (f) Place of the transaction          N/A 
    ------------------------------------  ------------------------------------------- 
 
 
 1   Details of the person discharging managerial responsibilities/person 
      closely associated 
     (a) Name                              Christopher P. Bogart 
    ------------------------------------  -------------------------------------- 
 2   Reason for the notification 
     (a) Position/status                   A PDMR occupying the position of 
                                            Chief Executive 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                    1.141921 % interest in Christopher 
      the financial instrument,             Bogart LLC, which holds 7,647,727 
      type of instrument                    shares in Burford Capital Limited 
             Identification code           N/A 
     (b) Nature of the transaction         Acquisition of membership interests 
                                            from Christopher P. Bogart 2018 
                                            GST Exempt Family Trust 
     (c) Price(s)and volume(s)             Price(s)         Volume(s) 
                                          ---------------  --------------------- 
                                           $ 854,632.75     1.141921% interest 
 
           (d) Aggregated information      N/A 
             *    Aggregated volume 
 
 
             *    Price 
     (e) Date of the transaction           6 December 2022 
     (f) Place of the transaction          N/A 
    ------------------------------------  -------------------------------------- 
 
 
 1   Details of the person discharging managerial responsibilities/person 
      closely associated 
     (a) Name                              CB 2019 Trust 
    ------------------------------------  ------------------------------------------- 
 2   Reason for the notification 
     (a) Position/status                   A person closely associated with 
                                            Christopher P. Bogart, a PDMR occupying 
                                            the position of Chief Executive 
                                            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                    0.748785% interest in Christopher 
      the financial instrument,             Bogart LLC, which holds 7,647,727 
      type of instrument                    shares in Burford Capital Limited 
             Identification code           N/A 
     (b) Nature of the transaction         Acquisition of membership interests 
                                            from Christopher P. Bogart 
     (c) Price(s)and volume(s)             Price(s)           Volume(s) 
                                          -----------------  ------------------------ 
                                           $ 560,403.04       0.748785% interest 
 
           (d) Aggregated information      N/A 
             *    Aggregated volume 
 
 
             *    Price 
     (e) Date of the transaction           6 December 2022 
     (f) Place of the transaction          N/A 
    ------------------------------------  ------------------------------------------- 
 
 
 1   Details of the person discharging managerial responsibilities/person 
      closely associated 
     (a) Name                              Christopher P. Bogart 
    ------------------------------------  ------------------------------------- 
 2   Reason for the notification 
     (a) Position/status                   A PDMR occupying the position of 
                                            Chief Executive 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                    0.748785% interest in Christopher 
      the financial instrument,             Bogart LLC, which holds 7,647,727 
      type of instrument                    shares in Burford Capital Limited 
             Identification code           N/A 
     (b) Nature of the transaction         Disposal of membership interests 
                                            to CB 2019 Trust 
     (c) Price(s)and volume(s)             Price(s)        Volume(s) 
                                          --------------  --------------------- 
                                           $ 560,403.04    0.748785% interest 
 
           (d) Aggregated information      N/A 
             *    Aggregated volume 
 
 
             *    Price 
     (e) Date of the transaction           6 December 2022 
     (f) Place of the transaction          N/A 
    ------------------------------------  ------------------------------------- 
 
 
 1   Details of the person discharging managerial responsibilities/person 
      closely associated 
     (a) Name                              Christopher P. Bogart 2020 Trust 
    ------------------------------------  ------------------------------------------- 
 2   Reason for the notification 
     (a) Position/status                   A person closely associated with 
                                            Christopher P. Bogart, a PDMR occupying 
                                            the position of Chief Executive 
                                            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                    0.234544% interest in Christopher 
      the financial instrument,             Bogart LLC, which holds 7,647,727 
      type of instrument                    shares in Burford Capital Limited 
             Identification code           N/A 
     (b) Nature of the transaction         Acquisition of membership interests 
                                            from Christopher P. Bogart 
     (c) Price(s)and volume(s)             Price(s)           Volume(s) 
                                          -----------------  ------------------------ 
                                           $ 175,537.00       0.234544% interest 
 
           (d) Aggregated information      N/A 
             *    Aggregated volume 
 
 
             *    Price 
     (e) Date of the transaction           6 December 2022 
     (f) Place of the transaction          N/A 
    ------------------------------------  ------------------------------------------- 
 
 
 1   Details of the person discharging managerial responsibilities/person 
      closely associated 
     (a) Name                              Christopher P. Bogart 
    ------------------------------------  --------------------------------------- 
 2   Reason for the notification 
     (a) Position/status                   A PDMR occupying the position of 
                                            Chief Executive 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                    0.234544% interest in Christopher 
      the financial instrument,             Bogart LLC, which holds 7,647,727 
      type of instrument                    shares in Burford Capital Limited 
             Identification code           N/A 
     (b) Nature of the transaction         Disposal of membership interests 
                                            to Christopher P. Bogart 2020 Trust 
     (c) Price(s)and volume(s)             Price(s)         Volume(s) 
                                          ---------------  ---------------------- 
                                           $ 175,537.00     0.234544% interest 
 
           (d) Aggregated information      N/A 
             *    Aggregated volume 
 
 
             *    Price 
     (e) Date of the transaction           6 December 2022 
     (f) Place of the transaction          N/A 
    ------------------------------------  --------------------------------------- 
 
 
 1   Details of the person discharging managerial responsibilities/person 
      closely associated 
     (a) Name                              Christopher P. Bogart 2021 Trust 
    ------------------------------------  ------------------------------------------- 
 2   Reason for the notification 
     (a) Position/status                   A person closely associated with 
                                            Christopher P. Bogart, a PDMR occupying 
                                            the position of Chief Executive 
                                            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                    0.021375% interest in Christopher 
      the financial instrument,             Bogart LLC, which holds 7,647,727 
      type of instrument                    shares in Burford Capital Limited 
             Identification code           N/A 
     (b) Nature of the transaction         Acquisition of membership interests 
                                            from Christopher P. Bogart 
     (c) Price(s)and volume(s)             Price(s)           Volume(s) 
                                          -----------------  ------------------------ 
                                           $ 15,997.56        0.021375% interest 
 
           (d) Aggregated information      N/A 
             *    Aggregated volume 
 
 
             *    Price 
     (e) Date of the transaction           6 December 2022 
     (f) Place of the transaction          N/A 
    ------------------------------------  ------------------------------------------- 
 
 
 1   Details of the person discharging managerial responsibilities/person 
      closely associated 
     (a) Name                              Christopher P. Bogart 
    ------------------------------------  --------------------------------------- 
 2   Reason for the notification 
     (a) Position/status                   A PDMR occupying the position of 
                                            Chief Executive 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                    0.021375% interest in Christopher 
      the financial instrument,             Bogart LLC, which holds 7,647,727 
      type of instrument                    shares in Burford Capital Limited 
             Identification code           N/A 
     (b) Nature of the transaction         Disposal of membership interests 
                                            to Christopher P. Bogart 2021 Trust 
     (c) Price(s)and volume(s)             Price(s)         Volume(s) 
                                          ---------------  ---------------------- 
                                           $ 15,997.56      0.021375% interest 
 
           (d) Aggregated information      N/A 
             *    Aggregated volume 
 
 
             *    Price 
     (e) Date of the transaction           6 December 2022 
     (f) Place of the transaction          N/A 
    ------------------------------------  --------------------------------------- 
 

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