REG - Burford Capital Ltd - Director/PDMR Shareholding
09/12/2022 17:00
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RNS Number : 2394J Burford Capital Limited 09 December 2022
9 December 2022
BURFORD CAPITAL LIMITED
Notification of transactions by person discharging managerial responsibility
Burford Capital, the leading global finance and asset management firm focused
on law, has been notified of the usual annual transactions associated with
certain estate planning by Christopher P. Bogart, Burford's Chief Executive
Officer.
As announced previously, Mr Bogart transferred 7,647,727 ordinary shares in
Burford to Christopher Bogart LLC ("CB LLC"), a company which is controlled by
Mr Bogart. Ongoing movement of ownership interests in CB LLC back-and-forth
between Mr Bogart and annual trusts established by Mr Bogart of which he and
his family members are the beneficiaries is expected as a normal part of the
US estate planning undertaken. Certain such movements occurred as of December
6, 2022, with a 1.141921% interest in CB LLC being returned to Mr Bogart from
the Christopher P. Bogart 2018 GST Exempt Family Trust, and a 0.748785%
interest, a 0.234544% interest and a 0.021375% interest in CB LLC transferred
from Mr Bogart to CB 2019 Trust, Christopher P. Bogart 2020 Trust and
Christopher P. Bogart 2021 Trust respectively. These transfers do not affect
the overall interest in shares in Burford held by Mr Bogart and the associated
trusts.
The Notification of Dealing Forms for each of the transfers mentioned above
are included at the end of this announcement.
For further information, please contact:
Burford Capital Limited
For investor and analyst inquiries:
Robert Bailhache, Head of Investor Relations, EMEA and Asia - email +44 (0)20 3530 2023
(mailto:rbailhache@burfordcapital.com)
Jim Ballan, Head of Investor Relations, Americas - email +1 (646) 793 9176
(mailto:JBallan@burfordcapital.com)
For press inquiries:
David Helfenbein, Vice President, Public Relations - email +1 (212) 235 6824
(mailto:dhelfenbein@burfordcapital.com)
Numis Securities Limited - 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
Tony White
Berenberg - Joint Broker +44 (0)20 3207 7800
Alex Reynolds
Toby Flaux
Arnav Kapoor
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 principal offices in New York, London, Chicago, Washington, DC,
Singapore, Sydney and Hong Kong.
For more information, please visit www.burfordcapital.com
(http://www.burfordcapital.com) .
This communication shall not constitute an offer to sell or the solicitation
of an offer to buy any ordinary shares or other securities of Burford.
This release does not constitute an offer of any Burford fund. Burford Capital
Investment Management LLC, which acts as the fund manager of all Burford
funds, is registered as an investment adviser with the US Securities and
Exchange Commission. The information provided herein is for informational
purposes only. Past performance is not indicative of future results. The
information contained herein 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 the 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,
we and our representatives may from time to time make other oral or written
statements which are forward-looking statements, including in our periodic
reports that we file with, or furnish to, the US Securities and Exchange
Commission (the "SEC"), other information sent to our 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.
We caution you that forward-looking statements are not guarantees of future
performance and are based on numerous assumptions, expectations, projections,
intentions and beliefs and that our actual results of operations, including
our financial position and liquidity, and the development of the industry in
which we operate, 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 we expect include those discussed under "Risk Factors" in our annual
report on Form 20-F filed with the SEC on March 29, 2022, our interim report
on Form 6-K furnished to the SEC on August 9, 2022, and other reports or
documents that we file with, or furnish to, the US Securities and Exchange
Commission from time to time. In addition, even if our results of operations,
including our financial position and liquidity, and the development of the
industry in which we operate 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, we undertake 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 Christopher P. Bogart 2018 GST Exempt Family Trust
2 Reason for the notification
(a) Position/status A person closely associated with Christopher P. Bogart, a PDMR occupying the
position of Chief Executive 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 1.141921% interest in Christopher Bogart LLC, which holds 7,647,727 shares in
Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Disposal of membership interests to Christopher P. Bogart
(c) Price(s)and volume(s) Price(s) Volume(s)
$ 854,632.75 1.141921% interest
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction 6 December 2022
(f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Christopher P. Bogart
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Chief Executive 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 1.141921 % interest in Christopher Bogart LLC, which holds 7,647,727 shares in
Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Acquisition of membership interests from Christopher P. Bogart 2018 GST Exempt
Family Trust
(c) Price(s)and volume(s) Price(s) Volume(s)
$ 854,632.75 1.141921% interest
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction 6 December 2022
(f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name CB 2019 Trust
2 Reason for the notification
(a) Position/status A person closely associated with Christopher P. Bogart, a PDMR occupying the
position of Chief Executive 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 0.748785% interest in Christopher Bogart LLC, which holds 7,647,727 shares in
Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Acquisition of membership interests from Christopher P. Bogart
(c) Price(s)and volume(s) Price(s) Volume(s)
$ 560,403.04 0.748785% interest
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction 6 December 2022
(f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Christopher P. Bogart
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Chief Executive 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 0.748785% interest in Christopher Bogart LLC, which holds 7,647,727 shares in
Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Disposal of membership interests to CB 2019 Trust
(c) Price(s)and volume(s) Price(s) Volume(s)
$ 560,403.04 0.748785% interest
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction 6 December 2022
(f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Christopher P. Bogart 2020 Trust
2 Reason for the notification
(a) Position/status A person closely associated with Christopher P. Bogart, a PDMR occupying the
position of Chief Executive 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 0.234544% interest in Christopher Bogart LLC, which holds 7,647,727 shares in
Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Acquisition of membership interests from Christopher P. Bogart
(c) Price(s)and volume(s) Price(s) Volume(s)
$ 175,537.00 0.234544% interest
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction 6 December 2022
(f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Christopher P. Bogart
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Chief Executive 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 0.234544% interest in Christopher Bogart LLC, which holds 7,647,727 shares in
Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Disposal of membership interests to Christopher P. Bogart 2020 Trust
(c) Price(s)and volume(s) Price(s) Volume(s)
$ 175,537.00 0.234544% interest
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction 6 December 2022
(f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Christopher P. Bogart 2021 Trust
2 Reason for the notification
(a) Position/status A person closely associated with Christopher P. Bogart, a PDMR occupying the
position of Chief Executive 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 0.021375% interest in Christopher Bogart LLC, which holds 7,647,727 shares in
Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Acquisition of membership interests from Christopher P. Bogart
(c) Price(s)and volume(s) Price(s) Volume(s)
$ 15,997.56 0.021375% interest
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction 6 December 2022
(f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Christopher P. Bogart
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Chief Executive 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 0.021375% interest in Christopher Bogart LLC, which holds 7,647,727 shares in
Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Disposal of membership interests to Christopher P. Bogart 2021 Trust
(c) Price(s)and volume(s) Price(s) Volume(s)
$ 15,997.56 0.021375% interest
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction 6 December 2022
(f) Place of the transaction N/A
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