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BUR Burford Capital Limited

1,213.00
3.00 (0.25%)
25 Apr 2024 - Closed
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
  3.00 0.25% 1,213.00 1,214.00 1,216.00 1,250.00 1,198.00 1,250.00 125,580 16:35:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 1.39B 610.52M 2.7883 4.35 2.66B

Burford Capital Notification of transactions by PDMRs (0735W)

27/07/2018 5:26pm

UK Regulatory


Burford Capital (LSE:BUR)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMBUR

RNS Number : 0735W

Burford Capital

27 July 2018

Replacement to include Notification of Dealing Forms

27 July 2018

Notification of transactions by persons discharging managerial responsibilities

Burford Capital Limited ("Burford"), the leading global finance and investment management firm focused on law, has been notified of certain estate planning transactions by Christopher P. Bogart, Burford's Chief Executive Officer, and Jonathan Molot, Burford's Chief Investment Officer, that do not have any impact on their ultimate interests in Burford shares.

Mr Bogart transferred 7,897,727 of his ordinary shares in Burford to Christopher Bogart LLC, a company wholly-owned by Mr Bogart. All of the ownership interests in Christopher Bogart LLC were then transferred by Mr. Bogart to the Christopher P. Bogart 2018 Trust for a period, of which he is initially the sole beneficiary.

Following these transfers, Mr. Bogart's interest in shares in Burford through certain trusts' ownership interests remains unchanged at 8,786,290 shares, representing approximately 4.22% of Burford's issued share capital.

As announced previously, Mr Molot transferred 4,000,000 ordinary shares in Burford to Jonathan Molot LLC, a company wholly-owned by Mr Molot, and all of the ownership interests in the LLC were then transferred by Mr Molot to the Jonathan T. Molot 2017 Trust for a period, of which he is initially the sole beneficiary. Now, 0.9319% of the ownership interests in Jonathan Molot LLC have been returned from the Jonathan T. Molot 2017 Trust to Mr. Molot in addition to the return of further interests as notified on 21 March 2018, and Mr Molot has transferred a 24.1333% interest in Jonathan Molot LLC to the Jonathan T. Molot 2018 Trust, of which Mr Molot is initially the sole beneficiary.

Following these transfers, Mr Molot's interest in shares in Burford, including his interests held through the trusts' ownership interests, remains unchanged at 8,559,394 shares, representing approximately 4.11% of Burford's issued share capital.

Ongoing annual movement of interests between the LLC entities and the trusts is expected as a normal part of the US estate planning undertaken.

The Notification of Dealing Forms for each of the transfers mentioned above are included at the end of this announcement. These notifications are provided in accordance with the requirements of the Market Abuse Regulation.

For further information, please contact:

 
   Burford Capital Limited                        +1 212 235 6825 
   Elizabeth O'Connell, CFA, Chief Financial 
    Officer 
 
 

About Burford Capital

Burford Capital is the leading global finance and investment 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 London Stock Exchange, and it works with law firms and clients around the world from its principal offices in New York, London, Chicago and Singapore.

For more information about Burford, visit www.burfordcapital.com

Notification of Dealing Forms

 
 1   Details of the person discharging managerial responsibilities/person 
      closely associated 
     (a) Name                           Christopher 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 the             Ordinary shares of nil par value 
      financial instrument, 
      type of instrument                 GG00B4L84979 
      Identification code 
    ---------------------------------  ----------------------------------------- 
     (b) Nature of the transaction      Transfer of shares to Christopher 
                                         Bogart LLC 
    ---------------------------------  ----------------------------------------- 
     (c) Price(s)and volume(s)          Price(s) - Zero    Volume(s) - 7,897,727 
    ---------------------------------  -----------------  ---------------------- 
           (d) Aggregated information   N/A 
             *    Aggregated volume 
 
 
             *    Price 
    ---------------------------------  ----------------------------------------- 
     (e) Date of the transaction        27 July 2018 
    ---------------------------------  ----------------------------------------- 
     (f) Place of the transaction       London Stock Exchange 
    ---------------------------------  ----------------------------------------- 
 
 
 1   Details of the person discharging managerial responsibilities/person 
      closely associated 
     (a) Name                           Christopher Bogart LLC 
    ---------------------------------  ----------------------------------------------- 
 2   Reason for the notification 
    ---------------------------------  ----------------------------------------------- 
     (a) Position/status                A person closely associated with Christopher 
                                         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 the             Ordinary shares of nil par value 
      financial instrument, 
      type of instrument                 GG00B4L84979 
      Identification code 
    ---------------------------------  ----------------------------------------------- 
     (b) Nature of the transaction      Transfer of shares from Christopher 
                                         Bogart 
    ---------------------------------  ----------------------------------------------- 
     (c) Price(s)and volume(s)          Price(s) - Zero      Volume(s) - 7,897,727 
    ---------------------------------  -------------------  -------------------------- 
           (d) Aggregated information   N/A 
             *    Aggregated volume 
 
 
             *    Price 
    ---------------------------------  ----------------------------------------------- 
     (e) Date of the transaction        27 July 2018 
    ---------------------------------  ----------------------------------------------- 
     (f) Place of the transaction       London Stock Exchange 
    ---------------------------------  ----------------------------------------------- 
 
 
 1   Details of the person discharging managerial responsibilities/person 
      closely associated 
     (a) Name                             Christopher 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 the               100% interest in Christopher Bogart 
      financial instrument,                LLC, whose sole asset is 7,897,727 
      type of instrument                   shares in Burford Capital Limited 
      Identification code                  N/A 
    -----------------------------------  ----------------------------------------- 
     (b) Nature of the transaction        Transfer of membership interests into 
                                           Christopher P. Bogart 2018 Trust 
    -----------------------------------  ----------------------------------------- 
     (c) Price(s)and volume(s)            Price(s) - Zero       Volume(s) - 100% 
                                                                 interest 
    -----------------------------------  --------------------  ------------------- 
           (d) Aggregated information     N/A 
             *    Aggregated volume 
 
 
             *    Price 
    -----------------------------------  ----------------------------------------- 
     (e) Date of the transaction          27 July 2018 
    -----------------------------------  ----------------------------------------- 
     (f) Place of the transaction         N/A 
    -----------------------------------  ----------------------------------------- 
 
 
 1   Details of the person discharging managerial responsibilities/person 
      closely associated 
     (a) Name                             Christopher P. Bogart 2018 Trust 
    -----------------------------------  ----------------------------------------------- 
 2   Reason for the notification 
    -----------------------------------  ----------------------------------------------- 
     (a) Position/status                  A person closely associated with Christopher 
                                           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 the               100% interest in Christopher Bogart 
      financial instrument,                LLC, whose sole asset is 7,897,727 
      type of instrument                   shares in Burford Capital Limited 
      Identification code                  N/A 
    -----------------------------------  ----------------------------------------------- 
     (b) Nature of the transaction        Transfer of membership interests from 
                                           Christopher Bogart 
    -----------------------------------  ----------------------------------------------- 
     (c) Price(s)and volume(s)            Price(s) - Zero          Volume(s) - 100% 
    -----------------------------------  -----------------------  ---------------------- 
           (d) Aggregated information     N/A 
             *    Aggregated volume 
 
 
             *    Price 
    -----------------------------------  ----------------------------------------------- 
     (e) Date of the transaction          27 July 2018 
    -----------------------------------  ----------------------------------------------- 
     (f) Place of the transaction         N/A 
    -----------------------------------  ----------------------------------------------- 
 
 
 1   Details of the person discharging managerial responsibilities/person 
      closely associated 
     (a) Name                           Jonathan T. Molot 2017 Trust 
    ---------------------------------  -------------------------------------------- 
 2   Reason for the notification 
    ---------------------------------  -------------------------------------------- 
     (a) Position/status                A person closely associated with Jonathan 
                                         Molot, 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 the             0.9319% interest in Jonathan Molot 
      financial instrument,              LLC, whose sole asset is 4,000,000 
      type of instrument                 shares in Burford Capital Limited 
      Identification code                N/A 
    ---------------------------------  -------------------------------------------- 
     (b) Nature of the transaction      Transfer of membership interests to 
                                         Jonathan Molot 
    ---------------------------------  -------------------------------------------- 
     (c) Price(s)and volume(s)          Price(s) - Zero      Volume(s) - 0.9319% 
    ---------------------------------  -------------------  ----------------------- 
           (d) Aggregated information   N/A 
             *    Aggregated volume 
 
 
             *    Price 
    ---------------------------------  -------------------------------------------- 
     (e) Date of the transaction        27 July 2018 
    ---------------------------------  -------------------------------------------- 
     (f) Place of the transaction       N/A 
    ---------------------------------  -------------------------------------------- 
 
 
 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 the             0.9319% interest in Jonathan Molot 
      financial instrument,              LLC, whose sole asset is 4,000,000 
      type of instrument                 shares in Burford Capital Limited 
      Identification code                N/A 
    ---------------------------------  ----------------------------------------- 
     (b) Nature of the transaction      Transfer of membership interests from 
                                         Jonathan T. Molot 2017 Trust 
    ---------------------------------  ----------------------------------------- 
     (c) Price(s)and volume(s)          Price(s) - Zero     Volume(s) - 0.9319% 
    ---------------------------------  ------------------  --------------------- 
           (d) Aggregated information   N/A 
             *    Aggregated volume 
 
 
             *    Price 
    ---------------------------------  ----------------------------------------- 
     (e) Date of the transaction        27 July 2018 
    ---------------------------------  ----------------------------------------- 
     (f) Place of the transaction       N/A 
    ---------------------------------  ----------------------------------------- 
 
 
 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 the             24.1333% interest in Jonathan Molot 
      financial instrument,              LLC, whose sole asset is 4,000,000 
      type of instrument                 shares in Burford Capital Limited 
      Identification code                N/A 
    ---------------------------------  ----------------------------------------- 
     (b) Nature of the transaction      Transfer of membership interests into 
                                         Jonathan T. Molot 2018 Trust 
    ---------------------------------  ----------------------------------------- 
     (c) Price(s)and volume(s)          Price(s) - Zero    Volume(s) - 24.1333% 
    ---------------------------------  -----------------  ---------------------- 
           (d) Aggregated information   N/A 
             *    Aggregated volume 
 
 
             *    Price 
    ---------------------------------  ----------------------------------------- 
     (e) Date of the transaction        27 July 2018 
    ---------------------------------  ----------------------------------------- 
     (f) Place of the transaction       N/A 
    ---------------------------------  ----------------------------------------- 
 
 
 1   Details of the person discharging managerial responsibilities/person 
      closely associated 
     (a) Name                           Jonathan T. Molot 2018 Trust 
    ---------------------------------  -------------------------------------------- 
 2   Reason for the notification 
    ---------------------------------  -------------------------------------------- 
     (a) Position/status                A person closely associated with Jonathan 
                                         Molot, 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 the             24.1333% interest in Jonathan Molot 
      financial instrument,              LLC, whose sole asset is 4,000,000 
      type of instrument                 shares in Burford Capital Limited 
      Identification code                N/A 
    ---------------------------------  -------------------------------------------- 
     (b) Nature of the transaction      Transfer of membership interests from 
                                         Jonathan Molot 
    ---------------------------------  -------------------------------------------- 
     (c) Price(s)and volume(s)          Price(s) - Zero      Volume(s) - 24.1333% 
    ---------------------------------  -------------------  ----------------------- 
           (d) Aggregated information   N/A 
             *    Aggregated volume 
 
 
             *    Price 
    ---------------------------------  -------------------------------------------- 
     (e) Date of the transaction        27 July 2018 
    ---------------------------------  -------------------------------------------- 
     (f) Place of the transaction       N/A 
    ---------------------------------  -------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 27, 2018 12:26 ET (16:26 GMT)

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