REG - Burford Capital Ltd - Director/PDMR Shareholding

Burford CapitalAnnouncement

09/08/2023 14:00

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RNS Number : 8189I  Burford Capital Limited  09 August 2023

9 August 2023

 

 

NOTIFICATION OF TRANSACTIONS BY PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES

 

Burford Capital Limited ("Burford"), 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. These transactions do not change the
beneficial ownership of Burford ordinary shares of nil par value held by Mr
Bogart, his family members and trusts established, and companies controlled
by, Mr Bogart.

 

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 August 7,
2023, with a 0.234544% interest in CB LLC being transferred from the
Christopher P. Bogart 2020 Trust to the Christopher P. Bogart 2018 GST
Non-Exempt Trust, and a 0.021375% interest in CB LLC being transferred from
the Christopher P. Bogart 2021 Trust to Mr Bogart.

 

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:
 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
 Toby Flaux
 James Thompson
 Arnav Kapoor

About Burford Capital

Burford Capital is the leading global finance and asset 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 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 which are forward-looking statements, 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 you 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, 2022 filed with the
US Securities and Exchange Commission on May 16, 2023 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                                                             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                                         Disposal of membership interests to the Christopher P. Bogart 2018 GST
                                                                             Non-Exempt Trust
    (c)     Price(s)and volume(s)                                            Price(s)                                 Volume(s)
    $ 13.89                                                                                                           17,937.28

    (d)    Aggregated information                                            N/A

    ·    Aggregated volume

    ·    Price
    (e)    Date of the transaction                                           7 August 2023

    (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 2018 GST Non-Exempt 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 2020 Trust
    (c)     Price(s)and volume(s)                                            Price(s)                                 Volume(s)
    $ 13.89                                                                                                           17,937.28

    (d)    Aggregated information                                            N/A

    ·    Aggregated volume

    ·    Price
    (e)    Date of the transaction                                           7 August 2023

    (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 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                                         Disposal of membership interests to Christopher P. Bogart
    (c)     Price(s)and volume(s)                                            Price(s)                                 Volume(s)
    $ 13.89                                                                                                           1,634.7

    (d)    Aggregated information                                            N/A

    ·    Aggregated volume

    ·    Price
    (e)    Date of the transaction                                           7 August 2023

    (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
 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                                         Acquisition of membership interests from the Christopher P. Bogart 2021 Trust
    (c)     Price(s)and volume(s)                                            Price(s)                                 Volume(s)
    $ 13.89                                                                                                           1,634.7

    (d)    Aggregated information                                            N/A

    ·    Aggregated volume

    ·    Price
    (e)    Date of the transaction                                           7 August 2023

    (f)     Place of the transaction                                         Outside a trading venue

 

 

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