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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13.00 | 1.07% | 1,226.00 | 1,226.00 | 1,228.00 | 1,235.00 | 1,201.00 | 1,201.00 | 98,278 | 16:35:12 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | 1.39B | 610.52M | 2.7883 | 4.40 | 2.69B |
From Apr 2019 to Apr 2024
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:
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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
DSHCKPDKOBKDFND
(END) Dow Jones Newswires
March 15, 2019 13:10 ET (17:10 GMT)
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