NEW
YORK, June 6, 2024 /PRNewswire/ -- Burford
Capital Limited ("Burford"), the leading global finance and asset
management firm focused on law, provides an update on the completed
purchases of Burford's ordinary shares of nil par value ("Shares")
to satisfy non-employee directors' awards and grants of Shares to
non-employee directors under the Burford Capital Limited 2021
Non-Employee Directors' Share Plan (the "NED Plan").
Completed purchases of Shares
On June 4, 2024, Burford completed
the open market purchases of 19,285 Shares on the London Stock
Exchange at a blended price of 1129.2549p per Share to satisfy a
grant of awards to Burford's non-employee directors under the NED
Plan.
Grants of Shares to non-employee directors under the NED
Plan
Effective June 4, 2024, each of
the following current and former non-employee directors were
granted Shares under the NED Plan as compensation for his or her
services as a director.
|
Person discharging
managerial responsibilities
|
Burford's
purchase price
|
Number of Shares
granted under the
NED Plan
|
Total shareholding
following the grant under
the NED Plan
|
|
Rukia Baruti
|
$14.19
|
2,467
|
4,959
|
|
Pamela
Corrie
|
$14.19
|
2,352
|
4,426
|
|
Robert
Gillespie
|
$14.19
|
2,467
|
15,265
|
|
Christopher
Halmy
|
$14.19
|
4,246
|
30,448
|
|
John
Sievwright
|
$14.19
|
5,803
|
23,601
|
|
Hugh Steven
Wilson
|
$14.19
|
1,950
|
305,785
|
The Notification of Dealing Forms for each of the transactions
set forth above are included at the end of this announcement.
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 that are forward-looking, 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 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, 2023 filed with
the US Securities and Exchange Commission on March 28, 2024 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
|
Rukia Baruti
|
|
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)
|
|
$ 14.19
|
2,467
|
|
|
|
(d)
Aggregated information
•
Aggregated volume
•
Price
|
N/A
|
|
(e) Date of
the transaction
|
4 June 2024
|
|
(f)
Place of the transaction
|
Outside a trading
venue
|
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
(a)
Name
|
Pamela
Corrie
|
|
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)
|
|
$ 14.19
|
2,352
|
|
|
|
(d)
Aggregated information
•
Aggregated volume
•
Price
|
N/A
|
|
(e) Date of
the transaction
|
4 June 2024
|
|
(f)
Place of the transaction
|
Outside a trading
venue
|
|
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)
|
|
$ 14.19
|
2,467
|
|
|
|
(d)
Aggregated information
•
Aggregated volume
•
Price
|
N/A
|
|
(e) Date of
the transaction
|
4 June 2024
|
|
(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)
|
|
$ 14.19
|
4,246
|
|
|
|
(d)
Aggregated information
•
Aggregated volume
•
Price
|
N/A
|
|
(e) Date of
the transaction
|
4 June 2024
|
|
(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)
|
|
$ 14.19
|
5,803
|
|
|
|
(d)
Aggregated information
•
Aggregated volume
•
Price
|
N/A
|
|
(e) Date of
the transaction
|
4 June 2024
|
|
(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 who held the
title of Non-Executive Director and Chairman until 15 May
2024
|
|
(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)
|
|
$ 14.19
|
1,950
|
|
|
|
(d)
Aggregated information
•
Aggregated volume
•
Price
|
N/A
|
|
(e) Date of
the transaction
|
4 June 2024
|
|
(f)
Place of the transaction
|
Outside a trading
venue
|
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SOURCE Burford Capital