REG - Burford Capital Ltd - Completed Purchases of Shares

Burford CapitalAnnouncement

06/06/2024 13:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240606:nRSF4409Ra&default-theme=true

RNS Number : 4409R  Burford Capital Limited  06 June 2024

 

June 6, 2024

 

 

Completed Purchases of Ordinary Shares to Satisfy Non-Employee Directors'
Awards and Grants of Ordinary Shares to Non-Employee Directors

 

Burford Capital Limited ("Burford"), the leading global finance and asset
management firm focused on law, provides an update on the completed purchases
of Burford's ordinary shares of nil par value ("Shares") to satisfy
non-employee directors' awards and grants of Shares to non-employee directors
under the Burford Capital Limited 2021 Non-Employee Directors' Share Plan (the
"NED Plan").

 

Completed purchases of Shares

 

On June 4, 2024, Burford completed the open market purchases of 19,285 Shares
on the London Stock Exchange at a blended price of 1129.2549p per Share to
satisfy a grant of awards to Burford's non-employee directors under the NED
Plan.

 

Grants of Shares to non-employee directors under the NED Plan

 

Effective June 4, 2024, each of the following current and former non-employee
directors were granted Shares under the NED Plan as compensation for his or
her services as a director.

 

 Person discharging managerial responsibilities  Burford's purchase price  Number of Shares granted under the NED Plan  Total shareholding following the grant under the NED Plan
 Rukia Baruti                                    $14.19                    2,467                                        4,959
 Pamela Corrie                                   $14.19                    2,352                                        4,426
 Robert Gillespie                                $14.19                    2,467                                        15,265
 Christopher Halmy                               $14.19                    4,246                                        30,448
 John Sievwright                                 $14.19                    5,803                                        23,601
 Hugh Steven Wilson                              $14.19                    1,950                                        305,785

 

The Notification of Dealing Forms for each of the 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:
 Americas: Josh Wood, Head of Investor Relations - email                       +1 212 516 5824
 (mailto:jwood@burfordcapital.com)
 EMEA & Asia: Rob Bailhache, Head of EMEA & Asia Investor Relations -          +44 (0)20 3530 2023
 email (mailto:rbailhache@burfordcapital.com)
 For press inquiries:
 David Helfenbein, Vice President, Public Relations - email                    +1 (212) 516 5824
 (mailto:media@burfordcapital.com)

 Deutsche Numis - NOMAD and Joint Broker                                       +44 (0)20 7260 1000
 Giles Rolls
 Charlie Farquhar

 Jefferies International Limited - Joint Broker                                +44 (0)20 7029 8000
 Graham Davidson
 James Umbers

 Berenberg - Joint Broker                                                      +44 (0)20 3207 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
(https://www.burfordcapital.com/) 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
(http://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, 2023 filed with the US Securities and Exchange
Commission on March 28, 2024 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                                                           Rukia Baruti
 2  Reason for the notification
    (a)   Position/status                                                A PDMR occupying the position of Non-Executive Director
    (b)   Initial notification /Amendment                                Initial
 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 financial instrument, type of instrument    Ordinary shares of nil par value
             Identification code                                         GG00BMGYLN96
    (b)   Nature of the transaction                                      Grant of ordinary shares under the Burford Capital Limited 2021 Non-Employee
                                                                         Directors' Share Plan
    (c)    Price(s)and volume(s)                                         Price(s)                                 Volume(s)
    $ 14.19                                                                                                       2,467

    (d)   Aggregated information                                         N/A

    ·    Aggregated volume

    ·    Price
    (e)   Date of the transaction                                        4 June 2024

    (f)    Place of the transaction                                      Outside a trading venue

 

 

 1  Details of the person discharging managerial responsibilities/person closely
    associated
    (a)   Name                                                           Pamela Corrie
 2  Reason for the notification
    (a)   Position/status                                                A PDMR occupying the position of Non-Executive Director
    (b)   Initial notification /Amendment                                Initial
 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 financial instrument, type of instrument    Ordinary shares of nil par value
             Identification code                                         GG00BMGYLN96
    (b)   Nature of the transaction                                      Grant of ordinary shares under the Burford Capital Limited 2021 Non-Employee
                                                                         Directors' Share Plan
    (c)    Price(s)and volume(s)                                         Price(s)                                 Volume(s)
    $ 14.19                                                                                                       2,352

    (d)   Aggregated information                                         N/A

    ·    Aggregated volume

    ·    Price
    (e)   Date of the transaction                                        4 June 2024

    (f)    Place of the transaction                                      Outside a trading venue

 

 

 1  Details of the person discharging managerial responsibilities/person closely
    associated
    (a)   Name                                                           Robert Gillespie
 2  Reason for the notification
    (a)   Position/status                                                A PDMR occupying the position of Non-Executive Director
    (b)   Initial notification /Amendment                                Initial
 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 financial instrument, type of instrument    Ordinary shares of nil par value
             Identification code                                         GG00BMGYLN96
    (b)   Nature of the transaction                                      Grant of ordinary shares under the Burford Capital Limited 2021 Non-Employee
                                                                         Directors' Share Plan
    (c)    Price(s)and volume(s)                                         Price(s)                                 Volume(s)
    $ 14.19                                                                                                       2,467

    (d)   Aggregated information                                         N/A

    ·    Aggregated volume

    ·    Price
    (e)   Date of the transaction                                        4 June 2024

    (f)    Place of the transaction                                      Outside a trading venue

 

 

 1  Details of the person discharging managerial responsibilities/person closely
    associated
    (a)   Name                                                           Christopher Halmy
 2  Reason for the notification
    (a)   Position/status                                                A PDMR occupying the position of Non-Executive Director
    (b)   Initial notification /Amendment                                Initial
 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 financial instrument, type of instrument    Ordinary shares of nil par value
             Identification code                                         GG00BMGYLN96
    (b)   Nature of the transaction                                      Grant of ordinary shares under the Burford Capital Limited 2021 Non-Employee
                                                                         Directors' Share Plan
    (c)    Price(s)and volume(s)                                         Price(s)                                 Volume(s)
    $ 14.19                                                                                                       4,246

    (d)   Aggregated information                                         N/A

    ·    Aggregated volume

    ·    Price
    (e)   Date of the transaction                                        4 June 2024

    (f)    Place of the transaction                                      Outside a trading venue

 

 

 1  Details of the person discharging managerial responsibilities/person closely
    associated
    (a)   Name                                                           John Sievwright
 2  Reason for the notification
    (a)   Position/status                                                A PDMR occupying the position of Non-Executive Director
    (b)   Initial notification /Amendment                                Initial
 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 financial instrument, type of instrument    Ordinary shares of nil par value
             Identification code                                         GG00BMGYLN96
    (b)   Nature of the transaction                                      Grant of ordinary shares under the Burford Capital Limited 2021 Non-Employee
                                                                         Directors' Share Plan
    (c)    Price(s)and volume(s)                                         Price(s)                                 Volume(s)
    $ 14.19                                                                                                       5,803

    (d)   Aggregated information                                         N/A

    ·    Aggregated volume

    ·    Price
    (e)   Date of the transaction                                        4 June 2024

    (f)    Place of the transaction                                      Outside a trading venue

 

 

 1  Details of the person discharging managerial responsibilities/person closely
    associated
    (a)   Name                                                           Hugh Steven Wilson
 2  Reason for the notification
    (a)   Position/status                                                A PDMR who held the title of Non-Executive Director and Chairman until 15 May
                                                                         2024
    (b)   Initial notification /Amendment                                Initial
 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 financial instrument, type of instrument    Ordinary shares of nil par value
             Identification code                                         GG00BMGYLN96
    (b)   Nature of the transaction                                      Grant of ordinary shares under the Burford Capital Limited 2021 Non-Employee
                                                                         Directors' Share Plan
    (c)    Price(s)and volume(s)                                         Price(s)                                 Volume(s)
    $ 14.19                                                                                                       1,950

    (d)   Aggregated information                                         N/A

    ·    Aggregated volume

    ·    Price
    (e)   Date of the transaction                                        4 June 2024

    (f)    Place of the transaction                                      Outside a trading venue

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POSUPUWPQUPCGUQ