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Share Name Share Symbol Market Type Share ISIN Share Description
Burford Cap Ld LSE:BUR London Ordinary Share GG00B4L84979 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -14.00p -0.76% 1,836.00p 1,837.00p 1,839.00p 1,858.00p 1,834.00p 1,849.00p 471,964 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 314.6 239.3 82.9 22.6 4,014.41

Burford Capital Notification of transactions by PDMRs

15/03/2019 5:10pm

UK Regulatory (RNS & others)


Burford Capital (LSE:BUR)
Historical Stock Chart

2 Months : From Feb 2019 to Apr 2019

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TIDMBUR

RNS Number : 0849T

Burford Capital

15 March 2019

15 March 2019

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 and charitable giving transactions by Christopher P. Bogart, Burford's Chief Executive Officer, and Jonathan Molot, Burford's Chief Investment Officer.

Estate planning

As announced previously, Mr Molot transferred 4,000,000 ordinary shares in Burford to Jonathan Molot LLC (the "LLC"), a company which is controlled by Mr Molot. Ongoing annual movement of ownership interests in the LLC back-and-forth between Mr Molot and annual trusts established by Mr Molot of which he and his family members are the beneficiaries is expected as a normal part of the US estate planning undertaken. A further such movement occurred as of 15 March 2019 with a 23.19796 % interest in the LLC being returned to Mr Molot from the Jonathan T. Molot 2017 Trust.

These transfers do not affect the overall interest in shares in Burford held by Mr Molot and the associated annual trusts.

Charitable giving

Messrs Bogart and Molot have each established US charitable foundations and have each donated 250,000 ordinary shares in Burford to their respective foundation; in Mr Bogart's case, those shares were returned to Mr Bogart from Christopher Bogart LLC before their gift to the foundation, and in Mr Molot's case, those shares were held by him personally. The foundations intend to give that donated stock to various charitable organizations over time, with a multi-year giving horizon.

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 
Elizabeth O'Connell, CFA, Chief Financial 
 Officer                                      +1 212 235 6825 
Macquarie Capital (Europe) Limited - NOMAD    +44 (0)20 3037 
 and Joint Broker                              2000 
Jonny Allison 
Nicholas Harland 
                                              +44 (0)20 3100 
Liberum Capital Limited - Joint Broker         2222 
Richard Crawley 
Jamie Richards 
                                              +44 (0)20 7260 
Numis Securities Limited - Joint Broker        1000 
Charlie Farquhar 
Jonathan Abbott 
Montfort Communications Limited - Financial   +44 (0)20 3770 
 Communications                                7908 
Robert Bailhache - email 
 

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, Washington DC, Singapore and Sydney.

For more information about Burford: www.burfordcapital.com

 
 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                      23.19796% interest in Jonathan 
      the financial instrument,               Molot LLC, whose sole asset is 
      type of instrument                      4,000,000 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)      Volume(s) 
                                            ------------  ------------------------- 
                                             Zero          23.19796% interest 
 
           (d) Aggregated information        N/A 
             *    Aggregated volume 
 
 
             *    Price 
     (e) Date of the transaction             15 March 2019 
     (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                      23.19796% interest in Jonathan 
      the financial instrument,               Molot LLC, whose sole asset is 
      type of instrument                      4,000,000 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)      Volume(s) 
                                            ------------  ------------------------- 
                                             Zero          23.19796% interest 
 
           (d) Aggregated information        N/A 
             *    Aggregated volume 
 
 
             *    Price 
     (e) Date of the transaction             15 March 2019 
     (f) Place of the transaction            N/A 
    --------------------------------------  --------------------------------------- 
 
 
 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                             Ordinary shares of nil par value 
       the financial instrument, 
       type of instrument 
      Identification code                            GG00B4L84979 
      (b) Nature of the transaction                  Transfer of shares from Christopher 
                                                      Bogart LLC 
      (c) Price(s)and volume(s)                      Price(s)             Volume(s) 
                                                    -------------------  ------------------ 
   Zero                                                                   250,000 
 
        (d) Aggregated information               N/A 
          *    Aggregated volume 
 
 
          *    Price 
  (e) Date of the transaction                    15 March 2019 
  (f) Place of the transaction                   N/A 
 ---------------------------------------------  ------------------------------------------- 
 
 
 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                             Ordinary shares of nil par value 
       the financial instrument, 
       type of instrument 
      Identification code                            GG00B4L84979 
      (b) Nature of the transaction                  Transfer of shares to Christopher 
                                                      Bogart 
      (c) Price(s)and volume(s)                      Price(s)              Volume(s) 
                                                    --------------------  ------------------- 
   Zero                                                                    250,000 
 
        (d) Aggregated information               N/A 
          *    Aggregated volume 
 
 
          *    Price 
  (e) Date of the transaction                    15 March 2019 
  (f) Place of the transaction                   N/A 
 ---------------------------------------------  --------------------------------------------- 
 
 
 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                             Ordinary shares of nil par value 
       the financial instrument, 
       type of instrument 
      Identification code                            GG00B4L84979 
      (b) Nature of the transaction                  Transfer of shares to The Christopher 
                                                      Bogart and Elizabeth O'Connell 
                                                      Foundation 
      (c) Price(s)and volume(s)                      Price(s)              Volume(s) 
                                                    --------------------  ------------------- 
   Zero                                                                    250,000 
 
        (d) Aggregated information               N/A 
          *    Aggregated volume 
 
 
          *    Price 
  (e) Date of the transaction                    15 March 2019 
  (f) Place of the transaction                   N/A 
 ---------------------------------------------  --------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
      (a) Name                                       The Christopher Bogart and Elizabeth 
                                                      O'Connell Foundation 
     ---------------------------------------------  ----------------------------------------- 
 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                             Ordinary shares of nil par value 
       the financial instrument, 
       type of instrument 
      Identification code                            GG00B4L84979 
      (b) Nature of the transaction                  Transfer of shares from Christopher 
                                                      Bogart 
      (c) Price(s)and volume(s)                      Price(s)              Volume(s) 
                                                    --------------------  ------------------- 
   Zero                                                                    250,000 
 
        (d) Aggregated information               N/A 
          *    Aggregated volume 
 
 
          *    Price 
  (e) Date of the transaction                    15 March 2019 
  (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                             Ordinary shares of nil par value 
       the financial instrument, 
       type of instrument 
      Identification code                            GG00B4L84979 
      (b) Nature of the transaction                  Transfer of shares to The Jonathan 
                                                      Molot and Hattie Ruttenberg Foundation 
      (c) Price(s)and volume(s)                      Price(s)               Volume(s) 
                                                    ---------------------  -------------------- 
   Zero                                                                     250,000 
 
        (d) Aggregated information               N/A 
          *    Aggregated volume 
 
 
          *    Price 
  (e) Date of the transaction                    15 March 2019 
  (f) Place of the transaction                   N/A 
 ---------------------------------------------  ----------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
      (a) Name                                       The Jonathan Molot and Hattie Ruttenberg 
                                                      Foundation 
     ---------------------------------------------  -------------------------------------------- 
 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                             Ordinary shares of nil par value 
       the financial instrument, 
       type of instrument 
      Identification code                            GG00B4L84979 
      (b) Nature of the transaction                  Transfer of shares from Jonathan 
                                                      Molot 
      (c) Price(s)and volume(s)                      Price(s)               Volume(s) 
                                                    ---------------------  --------------------- 
   Zero                                                                     250,000 
 
        (d) Aggregated information               N/A 
          *    Aggregated volume 
 
 
          *    Price 
  (e) Date of the transaction                    15 March 2019 
  (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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March 15, 2019 13:10 ET (17:10 GMT)

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