TIDMBUR
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, +44 (0)20 3530
EMEA and Asia - email 2023
Jim Ballan, Head of Investor Relations, Americas +1 (646) 793
- email 9176
For press inquiries:
David Helfenbein, Vice President, Public Relations +1 (212) 235
- email 6824
Numis Securities Limited - NOMAD and Joint +44 (0)20 7260
Broker 1000
Giles Rolls
Charlie Farquhar
+44 (0)20 7029
Jefferies International Limited - Joint Broker 8000
Graham Davidson
Tony White
+44 (0)20 3207
Berenberg - Joint Broker 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.
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 Initial
/Amendment
--------------------------------------------- -------------------------------------------
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 0.234544% interest in Christopher
the financial instrument, Bogart LLC, which holds 7,647,727
type of instrument 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 Initial
/Amendment
--------------------------------------------- -------------------------------------------
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 0.234544% interest in Christopher
the financial instrument, Bogart LLC, which holds 7,647,727
type of instrument 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 Initial
/Amendment
--------------------------------------------- -------------------------------------------
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 0.021375% interest in Christopher
the financial instrument, Bogart LLC, which holds 7,647,727
type of instrument 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 Initial
/Amendment
--------------------------------------------- --------------------------------------
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 0.021375% interest in Christopher
the financial instrument, Bogart LLC, which holds 7,647,727
type of instrument 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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END
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