6th Jun 2025 11:30
June 6, 2025
Completed Purchases of Ordinary Shares to Satisfy Non-Employee Directors' Awards and Grants of Ordinary Shares to Non-Employee Directors
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 5, 2025, Burford completed the open market purchases of 29,227 Shares on the London Stock Exchange at a blended price of 943.7355p 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 as of June 5, 2025, each of the following non-employee directors was granted Shares under the NED Plan as compensation for his or her services as a director.
Non-employee director | Burford's purchase price | Number of Shares granted under the NED Plan | Total shareholding following the grant under the NED Plan1 |
Rukia Baruti | $12.78 | 3,717 | 8,676 |
Pamela Corrie | $12.78 | 3,717 | 8,162 |
Robert Gillespie | $12.78 | 3,717 | 18,982 |
Christopher Halmy | $12.78 | 7,434 | 37,882 |
John Sievwright | $12.78 | 10,642 | 34,243 |
1 Presents total potential ownership of the Shares following grants under the NED Plan (including any investments made through the Burford Capital Deferred Compensation Plan) but does not present beneficial ownership as it would have been calculated in accordance with the rules of the US Securities and Exchange Commission. | |||
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: | ||
Americas: Josh Wood, Head of Investor Relations - email | +1 212 516 5824 | |
EMEA & Asia: Rob Bailhache, Head of EMEA & Asia Investor Relations - email | +44 (0)20 3530 2023 | |
For press inquiries: | ||
David Helfenbein, Senior Vice President, Public Relations - email | +1 646 504 7074 | |
Deutsche Numis - 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 | ||
James Umbers | ||
Berenberg - Joint Broker | +44 (0)20 3207 7800 | |
Toby Flaux | ||
James Thompson | ||
Yasmina Benchekroun | ||
|
| |
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 works with companies and law firms around the world from its global network of offices.
For more information, please visit www.burfordcapital.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any ordinary shares or other securities of Burford.
This press release 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 press release is for informational purposes only. Past performance is not indicative of future results. The information contained in this press release is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities (including 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 press release contains "forward-looking statements" within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbor provided for under these sections. In some cases, 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. Although Buford believes that the assumptions, expectations, projections, intentions and beliefs about future results and events reflected in forward-looking statements have a reasonable basis and are expressed in good faith, forward-looking statements involve known and unknown risks, uncertainties and other factors, which could cause Burford's actual results and events to differ materially from (and be more negative than) future results and events expressed, projected or implied by these forward-looking statements. Factors that might cause future results and events to differ include, among others, those discussed in the "Risk Factors" section of Burford's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the US Securities and Exchange Commission on March 3, 2025. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements contained in the periodic and current reports that Burford files with or furnishes to the US Securities and Exchange Commission. Many of these factors are beyond Burford's ability to control or predict, and new factors emerge from time to time. Furthermore, Burford cannot assess the impact of each such factor on its business or the extent to which any factor or combination of factors may cause actual results and events to be materially different from those contained in any forward-looking statement. Given these uncertainties, readers are cautioned not to place undue reliance on Burford's forward-looking statements.
All subsequent written and oral forward-looking statements attributable to Burford or to persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements speak only as of the date of this press release and, except as required by applicable law, Burford undertakes no obligation to update or revise any forward-looking statements, 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) | |
$ 12.78 | 3,717 | ||
| |||
(d) Aggregated information · Aggregated volume · Price | N/A | ||
(e) Date of the transaction | 5 June 2025 | ||
(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) | |
$ 12.78 | 3,717 | ||
| |||
(d) Aggregated information · Aggregated volume · Price | N/A | ||
(e) Date of the transaction | 5 June 2025
| ||
(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) | |
$ 12.78 | 3,717 | ||
| |||
(d) Aggregated information · Aggregated volume · Price | N/A | ||
(e) Date of the transaction | 5 June 2025 | ||
(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 Vice Chair of the Board of Directors and 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) | |
$ 12.78 | 7,434 | ||
| |||
(d) Aggregated information · Aggregated volume · Price | N/A | ||
(e) Date of the transaction | 5 June 2025 | ||
(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 Chair of the Board of Directors and 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) | |
$ 12.78 | 10,642 | ||
| |||
(d) Aggregated information · Aggregated volume · Price | N/A | ||
(e) Date of the transaction | 5 June 2025 | ||
(f) Place of the transaction | Outside a trading venue | ||
Related Shares:
Burford Capital