REG - Burford Capital Ltd - Director/PDMR Shareholding
06/04/2022 11:30
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RNS Number : 4877H Burford Capital Limited 06 April 2022
6 April 2022
BURFORD CAPITAL LIMITED
Notification of transactions by persons discharging managerial
responsibilities
Burford Capital Limited, the leading global finance and asset management firm
focused on law, provides the following notification of various transactions by
persons discharging managerial responsibilities (each, a "PDMR").
Long Term Incentive Plan
With respect to the Burford Capital 2016 Long Term Incentive Plan (the
"LTIP"), the table below shows (i) the vesting on March 31, 2022 of awards
granted in prior years following the satisfaction of the performance
conditions related thereto and (ii) new grants made on April 5, 2022, 50% of
which are subject to performance conditions.
PDMR Number of ordinary shares granted on April 5, 2022 under the LTIP Number of previously granted ordinary shares vesting on March 31, 2022 under Net number of ordinary shares delivered to the PDMRs following vesting on Total number of shares held by the PDMR including unvested ordinary shares
the LTIP March 31, 2022 and tax withholding
Craig Arnott 26,882 17,430 17,430 267,004
Christopher Bogart 149,638 - -
9,846,035
Kenneth Brause 26,882 - -
79,017
Mark Klein 26,882 8,715 5,574 121,807
Jonathan Molot 149,638 - - 10,458,870
Elizabeth O'Connell 26,882 26,144 12,798
255,387
David Perla 26,882 21,787 10,643 293,664
Aviva Will 26,882 39,216 17,589 461,510
Additional investment by management team
On April 4, 2022, Co-Chief Operating Officer David Perla used his cash
compensation to purchase 11,752 ordinary shares of nil par value of Burford
Capital (the "Shares") through the Burford employee deferred compensation
plan. These 11,752 Shares are included in Mr Perla's total holding in the
table above.
Further details about the Burford employee deferred compensation plan can be
found in Burford's Annual Report on Form 20-F for the year ended December 31,
2021 filed with the US Securities and Exchange Commission on March 29, 2022.
In essence, Burford employees are able to elect to defer cash compensation,
without incurring current taxes, into the Burford employee deferred
compensation plan, which in turn permits the full amount of that deferred
compensation to be allocated to the Shares (or for other investment options).
It is intended that, as previously announced, the Burford employee deferred
compensation plan will then buy the Shares on the open market. This is a
tax-efficient way for employees to continue to accumulate exposure to the
Shares.
Estate planning by Mr Molot
On April 1, 2022, a 13.121101% interest in Jonathan Molot LLC ("JM LLC"), a
company which is controlled by Mr Jonathan Molot and which holds 6,000,000
Shares, was transferred from the Jonathan T. Molot 2020 Trust to Mr Molot. In
addition, a 2.199608% interest in JM LLC was transferred from the Jonathan T.
Molot May 2021 Trust to Mr Molot. Ongoing annual movement of ownership
interests in JM LLC back-and-forth between Mr Molot and annual trusts
established by Mr Molot, of which he and his family members are the
beneficiaries, is expected as a normal part of the US estate planning
undertaken. Certain additional movements occurred on April 1, 2022, with Mr
Molot transferring a 13.278930% interest in JM LLC to the Jonathan T. Molot
2022 Trust and interests totalling 4.201372% (3.696044% + 0.505328%) in JM LLC
to the Jonathan T. Molot 2020 Trust No. 2. These transfers do not affect the
overall interest in the Shares held by Mr Molot and the associated trusts.
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
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)
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 Craig Arnott
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Deputy Chief Investment 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 of nil par value
Identification code GG00BMGYLN96
(b) Nature of the transaction Vesting of share award under the Burford Capital 2016 Long Term Incentive Plan
(c) Price(s)and volume(s) Price(s) Volume(s)
£7.34 17,430 (total vesting)
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction March 31, 2022
(f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Craig Arnott
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Deputy Chief Investment 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 of nil par value
Identification code GG00BMGYLN96
(b) Nature of the transaction Grant of share award under the Burford Capital 2016 Long Term Incentive Plan
(c) Price(s)and volume(s) Price(s) Volume(s)
$9.30 26,882
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction April 5, 2022
(f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Christopher 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 Ordinary Shares of nil par value
Identification code GG00BMGYLN96
(b) Nature of the transaction Grant of share award under the Burford Capital 2016 Long Term Incentive Plan
(c) Price(s)and volume(s) Price(s) Volume(s)
$9.30 149,638
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction April 5, 2022
(f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Ken Brause
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 of nil par value
Identification code GG00BMGYLN96
(b) Nature of the transaction Grant of share award under the Burford Capital 2016 Long Term Incentive Plan
(c) Price(s)and volume(s) Price(s) Volume(s)
$9.30 26,882
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction April 5, 2022
(f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Mark Klein
2 Reason for the notification
(a) Position/status A PDMR occupying the position of General Counsel and Chief Administrative
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 of nil par value
Identification code GG00BMGYLN96
(b) Nature of the transaction Vesting of share award under the Burford Capital 2016 Long Term Incentive
Plan. After the settlement of tax, the individual described above received
net 5,574 shares.
(c) Price(s)and volume(s) Price(s) Volume(s)
(i) $9.49 8,715 (total vesting)
(ii) $9.49 5,574 (total net shares)
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction March 31, 2022
(f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Mark Klein
2 Reason for the notification
(a) Position/status A PDMR occupying the position of General Counsel and Chief Administrative
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 of nil par value
Identification code GG00BMGYLN96
(b) Nature of the transaction Grant of share award under the Burford Capital 2016 Long Term Incentive Plan
(c) Price(s)and volume(s) Price(s) Volume(s)
$9.30 26,882
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction April 5, 2022
(f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Jonathan Molot
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Chief Investment 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 of nil par value
Identification code GG00BMGYLN96
(b) Nature of the transaction Grant of share award under the Burford Capital 2016 Long Term Incentive Plan
(c) Price(s)and volume(s) Price(s) Volume(s)
$9.30 149,638
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction April 5, 2022
(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
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Chief Strategy 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 of nil par value
Identification code GG00BMGYLN96
(b) Nature of the transaction Vesting of share award under the Burford Capital 2016 Long Term Incentive
Plan. After the settlement of tax, the individual described above received
net 12,798 shares.
(c) Price(s)and volume(s) Price(s) Volume(s)
(i) $9.49 26,144 (total vesting)
(ii) $9.49 12,798 (total net shares)
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction March 31, 2022
(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
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Chief Strategy 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 of nil par value
Identification code GG00BMGYLN96
(b) Nature of the transaction Grant of share award under the Burford Capital 2016 Long Term Incentive Plan
(c) Price(s)and volume(s) Price(s) Volume(s)
$9.30 26,882
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction April 5, 2022
(f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name David Perla
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Co-Chief Operating 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 of nil par value
Identification code GG00BMGYLN96
(b) Nature of the transaction Vesting of share award under the Burford Capital 2016 Long Term Incentive
Plan. After the settlement of tax, the individual described above received
net 10,643 shares.
(c) Price(s)and volume(s) Price(s) Volume(s)
(i) $9.49 21,787 (total vesting)
(ii) $9.49 10,643 (total net shares)
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction March 31, 2022
(f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name David Perla
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Co-Chief Operating 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 of nil par value
Identification code GG00BMGYLN96
(b) Nature of the transaction Grant of share award under the Burford Capital 2016 Long Term Incentive Plan
(c) Price(s)and volume(s) Price(s) Volume(s)
$9.30 26,882
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction April 5, 2022
(f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Aviva Will
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Co-Chief Operating 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 of nil par value
Identification code GG00BMGYLN96
(b) Nature of the transaction Vesting of share award under the Burford Capital 2016 Long Term Incentive
Plan. After the settlement of tax, the individual described above received
net 17,589 shares.
(c) Price(s)and volume(s) Price(s) Volume(s)
(i) $9.49 39,216 (total vesting)
(ii) $9.49 17,589 (total net shares)
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction March 31, 2022
(f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Aviva Will
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Co-Chief Investment 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 of nil par value
Identification code GG00BMGYLN96
(b) Nature of the transaction Grant of share award under the Burford Capital 2016 Long Term Incentive Plan
(c) Price(s)and volume(s) Price(s) Volume(s)
$9.30 26,882
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction April 5, 2022
(f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name David Perla
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Co-Chief Operating 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 Allocation of fully vested notional Ordinary Shares equivalent to a deferred
amount of cash compensation under Burford's deferred compensation plan
(c) Price(s)and volume(s) Price(s) Volume(s)
$ 9.53 11,752
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction 4 April 2022
(f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name David Perla
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Co-Chief Operating 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 Allocation of unvested notional Ordinary Shares pursuant to the provisions of
Burford's deferred compensation plan due to vest in 2024
(c) Price(s)and volume(s) Price(s) Volume(s)
$ Nil 3,878
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction 4 April 2022
(f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Jonathan T. Molot 2020 Trust
2 Reason for the notification
(a) Position/status A person closely associated with Jonathan Molot, a PDMR occupying the position
of Chief Investment 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 13.121101% interest in Jonathan Molot LLC, which holds 6,000,000 shares in
Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Disposal of membership interests to Jonathan T. Molot
(c) Price(s)and volume(s) Price(s) Volume(s)
$ 9.265 787,266.06
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction 1 April 2022
(f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Jonathan T. Molot
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Chief Investment 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 13.121101% interest in Jonathan Molot LLC, which holds 6,000,000 shares in
Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Acquisition of membership interests from Jonathan T. Molot 2020 Trust
(c) Price(s)and volume(s) Price(s) Volume(s)
$ 9.265 787,266.06
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction 1 April 2022
(f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Jonathan T. Molot
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Chief Investment 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 2.199608% interest in Jonathan Molot LLC, which holds 6,000,000 shares in
Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Acquisition of membership interests to Jonathan T. Molot May 2021 Trust
(c) Price(s)and volume(s) Price(s) Volume(s)
$ 9.265 131,976.48
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction 1 April 2022
(f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Jonathan T. Molot May 2021 Trust
2 Reason for the notification
(a) Position/status A person closely associated with Jonathan Molot, a PDMR occupying the position
of Chief Investment 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 2.199608% interest in Jonathan Molot LLC, which holds 6,000,000 shares in
Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Disposal of membership interests from Jonathan T. Molot
(c) Price(s)and volume(s) Price(s) Volume(s)
$ 9.265 131,976.48
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction 1 April 2022
(f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Jonathan T. Molot
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Chief Investment 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 13.278930% interest in Jonathan Molot LLC, which holds 6,000,000 shares in
Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Disposal of membership interests to Jonathan T. Molot 2022 Trust
(c) Price(s)and volume(s) Price(s) Volume(s)
$ 9.265 796,735.8
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction 1 April 2022
(f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Jonathan T. Molot 2022 Trust
2 Reason for the notification
(a) Position/status A person closely associated with Jonathan Molot, a PDMR occupying the position
of Chief Investment 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 13.278930% interest in Jonathan Molot LLC, which holds 6,000,000 shares in
Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Acquisition of membership interests from Jonathan T. Molot
(c) Price(s)and volume(s) Price(s) Volume(s)
$ 9.265 796,735.8
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction 1 April 2022
(f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Jonathan T. Molot
2 Reason for the notification
(a) Position/status A PDMR occupying the position of Chief Investment 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 4.201372% interest in Jonathan Molot LLC, which holds 6,000,000 shares in
Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Disposal of membership interests to Jonathan T. Molot 2020 Trust No. 2
(c) Price(s)and volume(s) Price(s) Volume(s)
i. $ 9.265 221,762.64
ii. $ 9.265 30,319.68
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction 1 April 2022
(f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Jonathan T. Molot 2020 Trust No. 2
2 Reason for the notification
(a) Position/status A person closely associated with Jonathan Molot, a PDMR occupying the position
of Chief Investment 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 4.201372% interest in Jonathan Molot LLC, which holds 6,000,000 shares in
Burford Capital Limited
Identification code N/A
(b) Nature of the transaction Acquisition of membership interests from Jonathan T. Molot
(c) Price(s)and volume(s) Price(s) Volume(s)
i. $ 9.265 221,762.64
ii. $ 9.265 30,319.68
(d) Aggregated information N/A
· Aggregated volume
· Price
(e) Date of the transaction 1 April 2022
(f) Place of the transaction N/A
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