REG - Burford Capital Ltd - Purchases of Shares for NED Plan and PDMR Notices

Burford CapitalAnnouncement

15/06/2022 17:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220615:nRSO0391Pa&default-theme=true

RNS Number : 0391P  Burford Capital Limited  15 June 2022

 

15 June 2022

 

 

COMPLETED PURCHASES OF ORDINARY SHARES TO SATISFY NON-EMPLOYEE DIRECTORS'
AWARDS AND NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES

 

Burford Capital Limited, the leading global finance and asset management firm
focused on law, today announces that it has completed the open market
purchases of 23,066 of Burford's ordinary shares of nil par value ("Shares")
to satisfy a grant of awards to Burford's non-employee directors under the
Burford Capital Limited 2021 Non-Employee Directors' Share Plan (the "NED
Plan").

 

Details of the completed purchases of the Shares are set forth below:

 

 Date           Stock Exchange  Number of Ordinary Shares Purchased  Average Net Price Paid Per Ordinary Share
 June 13, 2022  LSE             8,994                                GBP 7.29
 June 13, 2022  NYSE            2,654                                USD 8.82
 June 14, 2022  NYSE            11,418                               USD 9.00

 

Burford also provides the corresponding notification of transactions by
persons discharging managerial responsibilities ("PDMRs") with respect to the
NED Plan.

 

On June 14, 2022, each of the following Non-Executive Directors was granted
Shares under the NED Plan, as compensation for his/her services as a director.

 

 PDMR                Company Purchase Price  Number of shares awarded  Shareholding following the grant
 Robert Gillespie    £7.29                   2,998                     10,306
 Christopher Halmy   $8.97                   3,008                     15,508
 Andrea Muller       $8.97                   3,008                     5,296
 Charles Parkinson   £7.29                   2,998                     13,306
 John Sievwright     £7.29                   2,998                     15,306
 Hugh Steven Wilson  $8.97                   8,056                     297,631

 

A Notification of Dealing Form for each of the transactions mentioned above is
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

 

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, 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 US Securities and Exchange Commission on
March 29, 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
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                                                             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)
    £7.29                                                                                                             2,998

    (d)    Aggregated information                                            N/A

    ·    Aggregated volume

    ·    Price
    (e)    Date of the transaction                                           13 June 2022

    (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)
    $8.97                                                                                                             3,008

    (d)    Aggregated information                                            N/A

    ·    Aggregated volume

    ·    Price
    (e)    Date of the transaction                                           14 June 2022

    (f)     Place of the transaction                                         Outside a trading venue

 

 

 1  Details of the person discharging managerial responsibilities/person closely
    associated
    (a)     Name                                                             Andrea Muller
 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)
    $8.97                                                                                                             3,008

    (d)    Aggregated information                                            N/A

    ·    Aggregated volume

    ·    Price
    (e)    Date of the transaction                                           14 June 2022

    (f)     Place of the transaction                                         Outside a trading venue

 

 

 1  Details of the person discharging managerial responsibilities/person closely
    associated
    (a)     Name                                                             Charles Parkinson
 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)
    £7.29                                                                                                             2,998

    (d)    Aggregated information                                            N/A

    ·    Aggregated volume

    ·    Price
    (e)    Date of the transaction                                           13 June 2022

    (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)
    £7.29                                                                                                             2,998

    (d)    Aggregated information                                            N/A

    ·    Aggregated volume

    ·    Price
    (e)    Date of the transaction                                           13 June 2022

    (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 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)
    $8.97                                                                                                             8,056

    (d)    Aggregated information                                            N/A

    ·    Aggregated volume

    ·    Price
    (e)    Date of the transaction                                           14 June 2022

    (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  POSGPUACQUPPGAA