REG - Burford Capital Ltd - Director/PDMR Shareholding & New Share Issuance

Burford CapitalAnnouncement

03/10/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251003:nRSC8840Ba&default-theme=true

RNS Number : 8840B  Burford Capital Limited  03 October 2025

 

October 3, 2025

 

 

Notification of Transactions By Persons Discharging Managerial
Responsibilities and Issuance of New Shares in Connection with LTIP

 

 

Burford Capital Limited ("Burford" or the "Company"), the leading global
finance and asset management firm focused on law, provides the following
notifications of transactions by persons discharging managerial
responsibilities.

 

Vesting of Restricted Share Units and Performance-Based Restricted Share Units

 

On September 30, 2025, restricted share units ("RSUs") and performance-based
RSUs ("PSUs") granted on September 30, 2022 to the Chief Financial Officer,
Jordan Licht, vested under the Burford Capital 2016 Long Term Incentive Plan
(the "LTIP") following the satisfaction of the service-based and
performance-based conditions. The number of vested RSUs was 51,606, and the
number of vested PSUs was 51,606. The net number of Burford's ordinary shares
of nil par value ("Shares") delivered to Mr Licht on October 1, 2025 after
giving effect to any tax withholding was 50,522 Shares.

 

Issuance of New Shares in Connection With LTIP

 

To satisfy the firm-wide vesting of awards under the LTIP, Burford also
announces that it issued 76,909 new Shares on October 1, 2025.

 

Application will be made for these 76,909 new Shares to be admitted to trading
on the AIM market of the London Stock Exchange plc. The expected date of
admission is October 9, 2025. These 76,909 new Shares will also be listed on
the New York Stock Exchange.

 

Following the issuance of these new Shares, the Company's issued ordinary
share capital is 220,658,447, of which 1,769,947 Shares are held in treasury
and do not have any voting rights. Therefore, the total number of voting
rights in the Company, excluding treasury shares, will be 218,888,500 after
giving effect to this issuance of new Shares. This figure for the total number
of voting rights may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in the Company under the Disclosure Guidance and Transparency Rules
of the UK Financial Conduct Authority.

 

PDMR Share Movements

 

On September 30, 2025, the Chief Strategy Officer, Elizabeth O'Connell, gifted
96,138 Shares to the Chief Executive Officer, Christopher P. Bogart, through
their respective revocable trusts as part of the family's estate and related
planning.

 

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, Senior Vice President, Public Relations - email             +1 646 504 7074
 (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 works with companies and law firms around the world
from its global network of offices.

 

For more information, please visit www.burfordcapital.com
(http://www.burfordcapital.com) .

 

 

This press release does not constitute an offer to sell or the solicitation of
an offer to buy any ordinary shares or other securities of Burford.

 

This press release 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 press
release is for informational purposes only. Past performance is not indicative
of future results. The information contained in this press release is not, and
should not be construed as, an offer to sell or the solicitation of an offer
to buy any securities (including 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 press release contains "forward-looking statements" within the meaning of
Section 27A of the US Securities Act of 1933, as amended, and Section 21E of
the US Securities Exchange Act of 1934, as amended, that are intended to be
covered by the safe harbor provided for under these sections. In some cases,
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. Although Buford believes that the assumptions, expectations,
projections, intentions and beliefs about future results and events reflected
in forward-looking statements have a reasonable basis and are expressed in
good faith, forward-looking statements involve known and unknown risks,
uncertainties and other factors, which could cause Burford's actual results
and events to differ materially from (and be more negative than) future
results and events expressed, projected or implied by these forward-looking
statements. Factors that might cause future results and events to differ
include, among others, those discussed in the "Risk Factors" section of
Burford's Annual Report on Form 10-K for the year ended December 31, 2024
filed with the US Securities and Exchange Commission on March 3, 2025. These
factors should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements contained in the periodic and
current reports that Burford files with or furnishes to the US Securities and
Exchange Commission. Many of these factors are beyond Burford's ability to
control or predict, and new factors emerge from time to time. Furthermore,
Burford cannot assess the impact of each such factor on its business or the
extent to which any factor or combination of factors may cause actual results
and events to be materially different from those contained in any
forward-looking statement. Given these uncertainties, readers are cautioned
not to place undue reliance on Burford's forward-looking statements.

 

All subsequent written and oral forward-looking statements attributable to
Burford or to persons acting on its behalf are expressly qualified in their
entirety by these cautionary statements. The forward-looking statements speak
only as of the date of this press release and, except as required by
applicable law, Burford undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

 

 

 1  Details of the person discharging managerial responsibilities/person closely
    associated
    (a)    Name                                                            Jordan Licht
 2  Reason for the notification
    (a)    Position/status                                                 A PDMR occupying the position of Chief Financial Officer
    (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
             Identification code                                           GG00BMGYLN96
    (b)    Nature of the transaction                                       Delivery of Ordinary Shares following vesting of share award under the Burford
                                                                           Capital 2016 Long Term Incentive Plan. After the settlement of tax, the
                                                                           individual described above received net 50,522 shares.
    (c)    Price(s)and volume(s)                                           Price(s)                                  Volume(s)
    i.    $ 12.11                                                                                                    103,212 (total vesting)

                                                                                                                     50,522 (total net shares)

    ii.   $ 12.11

    (d)    Aggregated information                                          N/A

    ·      Aggregated volume

    ·      Price
    (e)    Date of the transaction                                         1 October 2025

    (f)    Place of the transaction                                        Outside a trading venue

 

 

 1  Details of the person discharging managerial responsibilities/person closely
    associated
    (a)    Name                                                            Christopher P. Bogart Revocable Trust
 2  Reason for the notification
    (a)    Position/status                                                 A PCA with Christopher P. Bogart, a PDMR occupying the position of Chief
                                                                           Executive Officer and a PCA with Elizabeth O'Connell
    (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
             Identification code                                           GG00BMGYLN96
    (b)    Nature of the transaction                                       Receipt of gift of Shares from Elizabeth O'Connell Revocable Trust
    (c)    Price(s)and volume(s)                                           Price(s)                               Volume(s)
    $ Nil                                                                                                         96,138

    (d)    Aggregated information                                          N/A

    ·      Aggregated volume

    ·      Price
    (e)    Date of the transaction                                         30 September 2025

    (f)    Place of the transaction                                        Outside a trading venue

 

 

 1  Details of the person discharging managerial responsibilities/person closely
    associated
    (a)    Name                                                            Elizabeth O'Connell Revocable Trust
 2  Reason for the notification
    (a)    Position/status                                                 A PCA with Elizabeth O'Connell, a PDMR occupying the position of Chief
                                                                           Strategy Officer and a PCA with Christopher P. Bogart
    (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
             Identification code                                           GG00BMGYLN96
    (b)    Nature of the transaction                                       Gift of Shares to the Christopher P. Bogart Revocable Trust
    (c)    Price(s)and volume(s)                                           Price(s)                              Volume(s)
    $ Nil                                                                                                        96,138

    (d)    Aggregated information                                          N/A

    ·      Aggregated volume

    ·      Price
    (e)    Date of the transaction                                         30 September 2025

    (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  DSHBUBDGLGGDGUD